Govt to give 60% stake in ONGC, OIL fields to private companies
Nearly 25 years after Oil and Natural Gas Corp. Ltd’s (ONGC’s) prime oilfields were privatized, the oil ministry has identified 11 more functional oil and gas fields of the state-run firm for handing over to private firms to raise output. The oil ministry is expected to approach the Union Cabinet to allow private companies take […]
ONGC seeks market freedom to open India’s 8th sedimentary basin
State-owned Oil and Natural Gas Corp (ONGC) has sought pricing and marketing freedom to help bring to production a one-trillion cubic feet gas discovery that will open up a new sedimentary basin after over three decades. ONGC, which has opened for commercial production six out of India’s seven producing basins, has made a significant natural […]