Agartala Oil giant ONGC along with a Vietnamese company will launch joint exploration for oil in the South China Sea despite objections from China, a top company official said on Tuesday.
” There is nothing wrong in it. ONGC- Videsh has go
t this assignment through an international bid and we will go ahead with our exploration work with a Vietnamese oil company,” ONGC Chairman and Managing Director Sudhir Vasudeva said here.
ONGC- Videsh is an arm of the oil PSU to prospect for oil and gas acreages abroad, reports PTI. Vasudeva said, ” if there is any territorial dispute between China and Vietnam they are supposed to sort out their problem. It is purely a commercial activity for us.” ” The Government of India is the appropriate authority to take steps in this regard and clear everything for us,” he said. China has been objecting to any activity in the South China Sea region including Indian oil exploration as it has territorial disputes with ASEAN countries like Vietnam and the Philippines.
