Saturday, September 15, 2012

CAG FAULTS ONGC FOR LACK OF EFFORT

The Comptroller and Auditor General (CAG) has found that oil and Natural Gas Corporation
(ONGC) did not put adequate efforts to complete its committed work in 75 percent of the highly
prospective blocks acquired through bidding. It also could not monetize the discoveries during
2002 to 2011, which led to low production.

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