No 35



Asian Firms Continue To Bolster Sudan Presence As ONGC Cleared To Buy OMV Stakes

Indias Oil and Natural Gas Corporation (ONGC) was given cabinet approval on 23 August to acquire Austrian OMVs shares in Sudans Block 5A and 5B. The planned acquisition will mark the third time in the last year that European and North American oil companies have sold upstream stakes in Sudan to Asian companies, bolstering the Asian presence in Sudans fast-growing upstream...