Hydrocarbon exploration: PAC pulls up officials for excessive delay

• Posted in OilGas
• on July 14, 2016
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Public Accounts Committee of Parliament has slammed Secretaries of Government of India for inordinate delay in deciding the issue of exploration of Ratna and R series hydro carbon fields by private sector and demanded to see the annual confidential reports and annual performance reports of of all officers in the Negotiating Team of secretaries and those assisting it.
Calling it the “rarest of rare cases of extraordinary negligence and efficiency,” the PAC headed by K V Thomas on Tuesday told the representatives of Ministry of Petroleum and Natural Gas and Oil and Natural Gas Corporation that appeared before it that the process of reaching up to a decision to finalilse the Production Sharing Contract was not completed even after 23 years of policy decision, 19 years of award and 16 years of approval of Cabinet Committee on Economic Affairs. Jordan Akins Authentic Jersey

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