Ecopetrol Invited by Reliance, ONGC Videsh to Explore in India
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Ecopetrol SA, Colombia’s state-controlled crude producer, has been asked by Reliance Industries Ltd. of India and ONGC Videsh Ltd. to jointly develop oil and gas blocks in the South Asian country.
“Reliance and ONGC Videsh are already doing business with Ecopetrol in Colombia,” Juan Alfredo Pinto Saavedra, Colombia’s ambassador to India, said in an interview in Mumbai yesterday. “Now they have asked Ecopetrol to come to India with them. And we say, why not?”