Business Daily from THE HINDU group of publications
Thursday, Mar 05, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, Mar 05, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Corporate
-
Outlook Industry & Economy - Petroleum
The Petroleum Ministry is aiming to launch the eighth round of NELP in April. Our Bureau New Delhi, March 4 The forthcoming auction of oil and gas assets may not be very attractive for investors, as the explorers are finding it difficult to meet their existing work commitments amid the global credit crunch and falling crude prices. This was stated by Mr Atul Chandra, RIL President (International Business), at a conference on ‘Global Slowdown and Indian Energy Sector: Impact, Survival and the Opportunities’ organised by Infraline here on Wednesday. The Petroleum Ministry is aiming to launch the eighth round of the New Exploration Licensing Policy (NELP) in April. “The major problem seen in NELP rounds is that people had been bidding crazily. They treated it like a real estate business. Quite a few will not meet commitments, some will run away and some will find ways not to meet worked commitment. We will find it difficult to attract people for next rounds because of low price,” he said. He added that the services sector has softened but the decline is not as high as witnessed in crude oil prices. More Stories on : Outlook | Petroleum | Reliance Industries Ltd
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
