Sudan: Block 2B licence cancelled

Sudan has denied India’s ONGC Videsh and its partners an extension of licence to operate an oil block after the initial contract expired in November 2016, India’s Economic Times reported. ONGC Videsh had a 25% stake in the block alongside China National Petroleum Corporation and Malaysia’s Petronas.The Economic Times quoted a senior ONGC executive as saying the process of surrendering the block was under way. The government gave its notice to surrender after months of negotiations with the companies yielded no result.