Comments
The Oil Minister, Mr Jaipal Reddy, has said that the $9.6-billion Cairn-Vedanta deal is likely to go to the Cabinet for approval in two-three weeks.
“We cannot bailout any seller or buyer. We will not compromise on the concerns of ONGC,” he told reporters here today.
Mr Reddy said his ministry supported the state-owned Oil and Natural Gas Corporation’s claim that royalty should be treated as a cost recoverable item in Cairn India’s mainstay Rajasthan block.
“We are trying to expedite the process. I think it may go to the Cabinet in two-three weeks,” the Minister said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.