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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.
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