Reduce levies on oil production from existing 70% to 40%: Prachur Sah, deputy CEO, Cairn Oil and Gas
The country imports about 85% of its crude oil requirement by volume and the government is eyeing ways to increase domestic output. Vedanta’s Cairn Oil and Gas produces crude oil from its assets in Rajasthan, Andhra Pradesh and Gujarat. Prachur Sah, deputy CEO of the largest private sector crude oil producer in India who has been at the company’s helm of affairs since September 2020, tells Anupam Chatterjee how it makes more sense to invest in enhancing output from existing producing oil fields than increasing the reliance on imports. Excerpts:
