NEW DELHI: The government may give additional time to Cairn India for exploring more oil and gas in its producing Rajasthan oil field provided the company agrees to pay levies in proportion to its stake in the energy asset. At present its 30% partner, state-owned Oil & Natural Gas Corp (ONGC), pays the entire royalty on crude from that section of the field where commercial production has already started. Cairn is the operator of the field with a 70% stake. “Cairn has expressed interest in...
Full Story: The Times of India
