The Prime Minister has constituted a high powered committee under the chairmanship of Shri B K Chaturvedi, Member, Planning Commission, to examine the financial position of oil companies. The terms of reference of the committee will be: to examine the impact of the increase in oil prices between 2004-05 and 2008 on the financial position of oil companies, including upstream exploration companies, refiners and downstream Oil Marketing Companies (OMCs); to analyze the cash flows and the profitability of all three groups of companies so as to get a clear picture of the changes taking place in their operating positions, particularly the impact on access to credit and cash availability for their operations; and to examine the available options for burden sharing by all stakeholders, including upstream exploration companies, refiners, downstream OMCs and stand alone refiners.
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/report-high-powered-committee-financial-position-oil-companies
[2] http://admin.indiaenvironmentportal.org.in/category/publisher/government-india
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/lpg
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kerosene
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-products
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/rural-electrification
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/exports
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/imports
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
[15] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oecd
[16] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india