Reply to CAG report

  1. Ministry of Petroleum & Natural Gas has taken up the issue of significant implication of inclusion of condensate for determination of ONGC’s share of under-recoveries with the Govt
  2. ONGC: Had appealed to Govt that in future only crude oil quantity be considered for determination of ONGC’s share of under-recoveries and quantity of gas condensate may not be included
  3. Why not to include? The gas-condensate is neither crude oil nor is it sold
Oil and Gas Sector – HELP, Open Acreage Policy, etc.
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