ONGC Partners In 6 Pre-NELP Blocks May Have To Share Cess, Royalty Load

ONGC Partners In 6 Pre-NELP Blocks May Have To Share Cess, Royalty Load

Oil and Natural Gas Corporation’s partners in six pre-NELP blocks will have to share royalty, cess and other government charges with the state firm in proportion to their stakes, ending the current practice of ONGC alone bearing state levies for entire production, according to an oil ministry proposal that would soon be sent to the Cabinet.

DGH Selloff Push Set To Leave ONGC With Dud Fields

DGH Selloff Push Set To Leave ONGC With Dud Fields

A proposal being considered by the oil ministryto privatise 11 prime fields of state-run ONGC will strip the company of its family silver and saddle India’s flagship explorer with mature blocks nearing the end of their productive lives. It will also result in new prospects that will need huge investments to develop.

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