{"id":409542,"date":"2021-04-07T10:15:41","date_gmt":"2021-04-07T04:45:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409542"},"modified":"2021-04-07T10:15:41","modified_gmt":"2021-04-07T04:45:41","slug":"cairn-ongc-pay-higher-profit-share-for-barmer-block","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-ongc-pay-higher-profit-share-for-barmer-block\/","title":{"rendered":"Cairn, ONGC pay higher profit share for Barmer block"},"content":{"rendered":"<p>Vedanta Ltd\u2019s Cairn Oil &amp; Gas and state-run Oil and Natural Gas Corporation Ltd (ONGC) have paid higher profit share to the government for their Rajasthan block for the period after its production-sharing contract (PSC) came to an end on 15 May last year, said a top government official.<\/p>\n<p>The firm promoted by Anil Agarwal and India\u2019s state-run upstream explorer paid $55 million as higher government share from the Barmer hydrocarbon block, known as profit petroleum, for the period, following a Delhi high court order last month on an appeal by the Union government. The PSC was signed on 15 May 1995 for a 25-year period.<\/p>\n<p>While Vedanta made the payment on 30 March, ONGC paid its share of additional 10% profit petroleum along with applicable interest on 31 March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Ltd\u2019s Cairn Oil &amp; Gas and state-run Oil and Natural Gas Corporation Ltd (ONGC) have paid higher profit share to the government for their Rajasthan block for the period after its production-sharing contract (PSC) came to an end on 15 May last year, said a top government official. The firm promoted by Anil Agarwal and India\u2019s state-run upstream explorer paid $55 million as higher government share from the Barmer hydrocarbon block, known as profit petroleum, for the period, following a Delhi high court order last month on an appeal by the Union government. The PSC was signed on 15 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-409542","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=409542"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409542\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}