ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-New Sources of Crude Oil

NEW DELHI New Sources of Crude Oil THE brief storm in the tea cup last month over the alleged refusal of the foreign oil companies to increase their throughput to meet emergency conditions and to help the country to build up stocks of petroleum products has quietly died down. It was certainly not a case of the oil companies refusing to co-operate in a national emergency as it was made to appear. One of the three foreign oil companies had readily agreed to step up production and actually did .so. In the case of the other two, there were operational problems of which the Petroleum Ministry was well aware. In any case, the issue is no longer a live one. But the controversy once again highlighted the strained relations that have developed between the government and the oil companies, specially after the latest steep hike in crude prices.

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