MOU
As Domestic output slides, Govt steps up Supervision of ONGC and Oil India
NEW DELHI: JUNE 2:Contributing 70 percent to the country's crude output, ONGC and Oil India are crucial to India's oil production. Now, the government wants to make these state-owned companies more accountable and boost production by setting up panels headed by bureaucrats to supervise their workings.
The Oil Ministry’s technical arm has ordered that review committees be created "for the purpose of management of oil and gas resources of nomination fields," according to a report in The Economic Times.
A May 25 order stipulates that each committee will be chaired by the Director General of the Directorate General of Hydrocarbons and include one more DGH official and top executives of the oil company.
Read Also : REC Limited to extend term loan of Rs 1,869 cr for Kiru Hydro Electric Project in Kishtwar, J&K
News Must Read
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation