{"id":450097,"date":"2021-11-16T10:36:53","date_gmt":"2021-11-16T05:06:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450097"},"modified":"2021-11-16T13:20:58","modified_gmt":"2021-11-16T07:50:58","slug":"ongcs-kg-oil-gas-project-delayed-nation-bleeds-precious-forex","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongcs-kg-oil-gas-project-delayed-nation-bleeds-precious-forex\/","title":{"rendered":"ONGC&#8217;s KG oil, gas project delayed; nation bleeds precious forex"},"content":{"rendered":"<p>At a time when crude oil and natural gas prices are sky-high, public sector behemoth ONGC&#8217;s haphazard planning and mismanagement in developing showpiece deep-sea KG-D5 block is costing the nation over Rs 18,000 crores due to the delayed output of oil and gas, government officials said. ONGC NSE 0.19 % was originally to start gas production from the Cluster-II fields in block KG-DWN-98\/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020.<\/p>\n<p>But these targets were quietly shifted to end-2021 because of deferments in awarding the fragmented work packages of the project, two officials with direct knowledge of the matter said on condition of anonymity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a time when crude oil and natural gas prices are sky-high, public sector behemoth ONGC&#8217;s haphazard planning and mismanagement in developing showpiece deep-sea KG-D5 block is costing the nation over Rs 18,000 crores due to the delayed output of oil and gas, government officials said. ONGC NSE 0.19 % was originally to start gas production from the Cluster-II fields in block KG-DWN-98\/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020. But these targets were quietly shifted to end-2021 because of deferments in awarding the fragmented work packages of the project, two officials with [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-450097","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450097","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=450097"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450097\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}