Oil Minister rules out privatisation of ONGC
Says only monetising already discovered oilfields
Quote: There are two challenges with regard to natural resources. One is to keep an estimate on how much we have and the other one is to monetise it. Disinvestment or privatisation of ONGC is not happening — Dharmendra Pradhan, petroleum minister
New Delhi, July 3
State-run ONGC will neither be disinvested nor privatised but only oilfields discovered by it are being monetised through a transparent bidding process to ensure the country’s energy security, Petroleum Minister Dharmendra Pradhan said in the Rajya Sabha on Wednesday.
