ONGC to bid for Israel oil and gas exploration blocks: Oil Minister
NEW DELHI/JERUSALEM: State-run Oil and Natural Gas Corporation (ONGC) plans to bid for Israeli offshore oil-and-gas exploration blocks, oil minister Dharmendra Pradhan has told news agency Reuters.
This is slated to be the first major deal between the two countries since a groundbreaking trip by Prime Minister Narendra Modi in July.
India and Israel have deep defence ties but the Modi government is pushing to expand the relationship into other sectors such as energy and technology with a country they see as a natural ally against terrorism.
Credit: timesofindia.indiatimes.com