From ISN
''The withdrawal of ONGC Videsh Limited (OVL) from the South China Sea (SCS) has added a new facet to the existing maritime dispute in the region. The Ministry of Petroleum and Natural Gas, in a letter to the MEA dated 10 April 2012 said, “OVL’s decision to initiate relinquishment process is based purely on techno-commercial considerations.” Why did OVL withdraw now? What were the earlier stated positions? Is the timing right to make an announcement to this effect?''
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