"This Is Loot": Congress's Jairam Ramesh On Plan To Privatise Oil Fields
NDTV
Earlier this month, the centre urged the public sector behemoth to tie up with the private sector.
The government's proposal to give away the ONGC's biggest oil and gas fields to foreign companies for output boost received sharp criticism this morning from former Union Minister and Congress leader Jairam Ramesh who called it "loot". Soviets said Bombay High could be promising. Americans lobbied for drilling contracts. But for Indira Gandhi, self-reliance was crucial. ONGC was given the task, it did a superb job & took it further. Now, PM wants to sell these assets to foreign cos. This is loot, plain & simple
"Soviets said Bombay High could be promising. Americans lobbied for drilling contracts. But for Indira Gandhi, self-reliance was crucial. ONGC was given the task, it did a superb job and took it further. Now, PM wants to sell these assets to foreign cos. This is loot, plain and simple (sic)," the former Union Minister wrote in a tweet.
Earlier this month, the centre urged the public sector behemoth to tie up with the private sector. "ONGC has to explore more so that it can discover more oil and gas reserves and bring them quickly to production to raise domestic output. The government is very clear that ONGC has to do more," Petroleum Secretary Tarun Kapoor was quoted as saying by news agency PTI.
