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

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NEW DELHI- Miles to Go

NEW DELHI Miles to Go B M THE potential of Bombay High, after the long-delayed drilling of the structure was started, is turning out to be better than even the most optimistic pre-drilling estimates. The strikes at Bassein and other faults have given it added dimensions. But far more than even the precious oil struck, the success here has helped to restore morale and confidence among our oil men. Morale and confidence had been greatly undermined by the earlier smug dependence on import of cheap oil for a whole decade until ||ie world oil crisis jolted the government out of a mood of complacency and lethargy in regard to oil exploration. Facuity of funds, bad leadership in the ONGC, the overlordship of the bureaucracy and the tie-up with a single source of technology, not necessarily the best, had emasculated the ONGC and its work had been sapped of energy, enthusiasm, imagination and initiative for a long time. The situation has greatly improved during the last couple of years in this key sector of the national economy.

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