{"id":434474,"date":"2021-09-07T10:41:02","date_gmt":"2021-09-07T05:11:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434474"},"modified":"2021-09-07T10:41:30","modified_gmt":"2021-09-07T05:11:30","slug":"ongc-videsh-ltd-partners-relinquish-israeli-oil-block-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-videsh-ltd-partners-relinquish-israeli-oil-block-2\/","title":{"rendered":"ONGC Videsh Ltd, partners relinquish Israeli oil block"},"content":{"rendered":"<p>Three years after its much-acclaimed maiden entry into Israeli water that was symbolic of New Delhi&#8217;s growing closeness with Tel Aviv, an ONGC Videsh Ltd (OVL)-led Indian consortium has relinquished the offshore oil block due to &#8220;very poor&#8221; hydrocarbon prospectivity. The consortium of OVL, Indian Oil Corp (IOC NSE -0.40 %), Oil India Ltd and Bharat Petro Resources Ltd (BRPL) has relinquished offshore Block-32, two officials with the partners said.<\/p>\n<p>When the Indian consortium in late 2017 won the Israeli energy ministry&#8217;s nod to bid for the block, it was hailed as New Delhi&#8217;s growing closeness with Tel Aviv amid a widening chasm with Iran over its recalcitrance in awarding the Farzad-B gas field development rights to the OVL-led group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three years after its much-acclaimed maiden entry into Israeli water that was symbolic of New Delhi&#8217;s growing closeness with Tel Aviv, an ONGC Videsh Ltd (OVL)-led Indian consortium has relinquished the offshore oil block due to &#8220;very poor&#8221; hydrocarbon prospectivity. The consortium of OVL, Indian Oil Corp (IOC NSE -0.40 %), Oil India Ltd and Bharat Petro Resources Ltd (BRPL) has relinquished offshore Block-32, two officials with the partners said. When the Indian consortium in late 2017 won the Israeli energy ministry&#8217;s nod to bid for the block, it was hailed as New Delhi&#8217;s growing closeness with Tel Aviv amid [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,136],"tags":[],"class_list":["post-434474","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=434474"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434474\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}