“ONGC chairman Dinesh K. Sarraf says he cannot risk the lives of his colleagues.”
27th Apr 2013
Since the Syrian President has lost control over the country, the oil blocks in question have been taken by the rebels.
“ONGC Videsh (OVL) consortium (under the ONGC Nile Ganga BV (ONGBV) banner), which includes FulinInvestments Sarl, a subsidiary of China National Petroleum Company International (CNPCI) and Syria’s Al FuratPetroleum Co. has pulled out of the war torn northern part of Syria for the sake of the safety of its personnel and equipment. The consortium exercised its force majeure right in consultation with the government of Syria and moved its corporate offices to Dubai.”