Govt forms six-member panel to look at selling 149 fields of ONGC, OIL to private companies
Updated : December 03, 2018 08:27 AM IST
The panel is headed by NITI Aayog Vice Chairman Rajiv Kumar and includes Cabinet Secretary PK Sinha, Economic Affairs Secretary Subhash Chandra Garg, Oil Secretary M M Kutty, NITI Aayog CEO Amitabh Kant and ONGC Chairman and Managing Director Shashi Shanker.
Sources said the committee is a follow up of the October 12 meeting called by Prime Minister Narendra Modi to review domestic production profile of oil and gas and the roadmap for cutting import dependence by 10 percent by 2022.
At the meeting, the Oil Ministry made a presentation showing that 149 smaller fields of Oil and Natural Gas Corp (ONGC), Oil India Ltd (OIL) and other explorers accounted for just 5 per cent of the domestic crude oil production.
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