To Shri Rajiv Gauba Union Cabinet Secretary Dear Shri Gauba, I have cautioned the government several times on the need to strengthen the CPSEs from the point of view of promoting the country’s self-reliance, rather than weaken and privatise them. The way the government has dealt with the Maharatna oil behemoth, the ONGC is a case in point. In particular,[Read More...]
To Shri Rajiv Gauba Cabinet Secretary Govt of India Dear Shri Gauba, I have come across a news report (https://www.business-standard.com/article/companies/ongc-without-a-chai…) about the casual manner in which the concerned Central Ministries have been dealing with ONGC, India’s premier hydrocarbons exploration and development agency, which is the country’s main plank for self-reliance in the sector.
To Shri Narendra D Modi Prime Minister Dear Shri Modi, I understand that the government has recently directed ONGC to hive off 60% of its Mumbai High, Bassein & Satellite oil/gas fields to foreign oil companies (https://www.business-standard.com/article/companies/x-121110100853_1.ht…), ostensibly to enhance hydrocarbons production from those fields. The proposal, in my view, is highly imprudent for the following reasons.
Indian PM Narendra Modi Press TV – September 5, 2017 Iran’s Ministry of Petroleum says it has started preliminary talks with Russians to develop Farzad B but negotiations also continue with the Indians who have long coveted the giant gas field. “For the development of the Farzad B field, we are pursuing three separate paths […]
