Oil Ministry's proposal to privatise ONGCs biggest oil and gas faces resistance by the union

  • The petroleum ministry had proposed to give away ONGC's biggest oil and gas fields to foreign companies.
  • Now, the officers union has strongly opposed this proposal, saying that the govt should instead empower.
  • The union said that the govt should give the company a level-playing field rather than giving away its prime assets to the private sector on a platter.
  • The Association of Scientific & Technical Offices of ONGC petitioned Oil Minister Hardeep Singh Puri is against a proposal put by Amar Nath.
  • Letting you know, Amar Nath is the additional secretary (exploration) in the Ministry of Petroleum and Natural Gas.