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
Latest posts by The Hindustan Times (see all)
- AI can spur production of safe, clean fusion energy, claim researchers - April 19, 2019
- Fuel rates stagnate before polls despite global price fluctuations - April 17, 2019
- No proof of wrongdoing, govt closes RasGas contract case - April 17, 2019