Oracle Linux - No package leapp-upgrade available while installing Leapp utility

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Applies to:
Oracle Cloud Infrastructure
Oracle Linux 7

Symptoms:

While trying to install leapp-upgrade package:

[root@node ~]# yum install leapp-upgrade -y

Loaded plugins: langpacks, ps, ulninfo

No package leapp-upgrade available.

Error: Nothing to do
[root@node ~]#  yum install leapp --enablerepo=ol7_leapp,ol7_latest -y

Loaded plugins: ulninfo

No package leapp available.

Error: Nothing to do

Cause:
ol7_leapp repository is not enabled/missing from the current repo files.

[root@Node ~]# cd /etc/yum.repos.d

[root@Node]# ls -lrth