Oil Investing News » Exit will not relieve ONGC of its levy burden on Rajasthan Crude

Exit will not relieve ONGC of its levy burden on Rajasthan Crude

May 14, 2009 @ 4:31 am In Oil Company News

Oil and Natural Gas Corporation wants to quit from Cairn India's prolific Rajasthan oil fields but the exit will not absolve it from its obligation to pay government levies on the crude oil produced.

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[1] here: http://economictimes.indiatimes.com/News/News-By-Industry/Energy/Exit-wont-relieve-ONGC-of-its-levy-burden-on-Rajasthan-crude/articleshow/4529118.cms