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ONGC files arbitration claim against Sudan over unpaid oil dues

Reuters  |  NEW DELHI 

By Nidhi Verma and Promit MukherjeeNEW DELHI (Reuters) - The foreign acquisition unit of Oil and Natural Gas Corp's (ONGC) has filed an arbitration claim against the government of Sudan in a London court, a company official said, seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011.People familiar with the matter in India and Sudan said ONGC had filed a claim for $98.94 million, in what they said was a first for the South Asian nation's top oil and gas explorer against any government. They declined to be identified because they weren't ...

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First Published: Tue, April 17 2018. 11:58 IST