in the headline)
SINGAPORE, Sept 26 (Reuters) - India's Oil and Natural
Gas Corp said on Monday there is no clarity on the
resumption of its oil and gas project Sakhalin-1.
Production at Sakhalin-1 was "minimized" shortly after the
Ukraine war started and there is no clarity or timeline yet when
it could be resumed, ONGC officials told Reuters on the
sidelines of the 38th Annual Asia Pacific Petroleum Conference
The project was hit due to force majeure declared by the
operator Exxon Mobile Corp after sanctions against
Russia had made it difficult to ship crude to customers.
ONGC Videsh, the overseas investment arm of India's ONGC,
Exxon Mobile Corp and Japan's SODECO are partners in the
Sakhalin-1 project. ONGC Videsh owns 20% stake in the project.
(Writing by Mohi Narayan; Editing by Kim Coghill)