Chief minister Vasundhara Raje seems determined to extract a windfall for Rajasthan and has at the same time opened a new chapter in the area of oil and gas exploration in her desert state.
A major gas pipeline project in Gujarat is almost on the verge of getting derailed due to opposition from Jamnagar Congress MP Vikram Madaan. The Mangala Development Pipeline project is the longest continuously heated and insulated pipeline in the world.
Work on 590 kms of pipeline has been completed from Barmer to Salaya in Gujarat.
Oil and Natural Gas Corporation (ONGC) has said that Cairn never disputed cost recovery of royalty on crude oil production from the Barmer field before August 16, 2010, when Vedanta Resources announced buying of a majority stake in Cairn India.
A senior ONGC executive told Business Standard that his company was willing to pay 100 per cent royalty on the Barmer production but wanted it to be adj
The joint venture (JV) of Cairn India and Oil and Natural Gas Corporation has started delivering crude oil to private refineries from its crude oil pipeline in the Rajasthan block.
Mangala oil field in Barmer, Rajasthan, has begun production of oil five-and-a-half years after discovering it in 2004. "It is a proud moment for us," said Rahul Dhir, ceo, Cairn India, announcing the news. "By 2011, we would be contributing about 20 per cent of India's domestic crude production.
