ONGC Videsh Ltd, partners relinquish Israeli oil block

When the Indian consortium in late 2017 won the Israeli energy ministry's nod to bid for the block, it was hailed as New Delhi'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.

from Energy-Industry-Economic Times https://ift.tt/3l0XkBE