Sudan Settles Dispute With Indian Oil Company Over Unpaid Dues: Minister


Sudan Settles Dispute With Indian Oil Company Over Unpaid Dues: Minister

Sudan’s Minister of Oil and Gas Azhari Abdel-Gadir Tuesday said his ministry has settled debt issues with India’s Oil and Natural Gas Corp’s (ONGC) saying the latter withdrew a claim it has filed against Sudan in this regard.

Last April, ONGC filed an arbitration claim against the government of Sudan in a London court seeking to recover $98.94 million, pending for years from a project hit by the breakaway of South Sudan in 2011.

“Today, we have reached an agreement on all pending issues pertaining to financial claims between ONGC and the government of Sudan represented by the Ministry of Oil and Gas and Ministry of Finance and Economic Planning,” Abdel-Gadir told the official news agency SUNA. Read More

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