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Ministry of Petroleum and Natural Gas

Crude Oil Price Update, 31 August 2023: Oil Rises on fall in inventory

Oil Ministry tells ONGC to sell Oilfields; hive off Drilling, other Services

Last Updated On April 25, 2021 9:56 PM by Neal Bhai

The petroleum ministry has told India’s 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.

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