Group of Ministers to discuss proposal to privatise 97 oil, gas fields


Group of Ministers to discuss proposal to privatise 97 oil, gas fields

A group of ministers (GoM) is scheduled to meet on Monday to consider privatisation of 97 oil and gas exploration blocks currently held by state-run Oil and Natural gas Corporation (ONGC) and Oil India Ltd (OIL), two officials aware of the development said.

The GoM, chaired by finance minister Arun Jaitley, will hold its first meeting on February 18 to deliberate proposals of a high-level committee that recommended privatisation of hydrocarbon blocks to ramp up India’s oil and gas output, the government officials said requesting anonymity.

Other members of the GoM are ministers of coal, commerce, power, and petroleum, they said. Read More

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