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

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Repudiating Malaviya s Legacy-Oil Multinationals Return

In the latest contracts for oil exploration signed with the oil multinationals the government has backed down on all counts: it has agreed to oil-sharing on a minority share basis, given up its insistence that ONGC be involved in the exploration work and, above all, been compelled to allow the oil multinationals' entry into the highly prospective Krishna-Godavari basin earlier reserved for exploration by the ONGC.

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