Sell oilfields; hive off drilling, other services: Oil ministry to ONGC
The petroleum ministry has told Indias largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing infrastructure, and hive off drilling and other services into a separate firm to raise production. Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, on April 1 wrote to Oil and Natural Gas Corporation (ONGC) Chairman and Managing Directo...
Subhash Kumar Ministry Of Petroleum Natural Gas Corporation Ratnar Series Natural Gas Managing Director Subhash Kumar
Source: business-standard.com