ONGC-Teri JV bags $1-billion Kuwait oil spill clean-up job

Oil and Natural Gas Corporation (ONGC) said its joint venture (JV) company has won a third of the estimated $3-billion global contract to clean the 60 million cubic metres of Kuwait contaminated by the huge oil spills that were a legacy of the retreating Iraqi armies in 1991.

Sudhir Vasudeva, chairman and managing director of ONGC, told reporters here on Monday that ONGC-Teri Biotech Ltd (OTBL), the company’s JV with The Energy and Resources Institute (Teri), had got a $1-billion contract for doing part of the clean-up.