GAS GRID­LOCK

PE­TRO­LEUM AND NAT­U­RAL GAS MIN­IS­TER

India Today - - THE BIG STORY - S. Jaipal Reddy

CLEAR BRIEF He re­placed Murli De­ora in Jan­uary and was ex­pected to boost in­vest­ment in the hy­dro­car­bon sec­tor. SLIP­PERY SLOPE The min­istry is yet to clear the $9-bil­lion Cairn-vedanta deal inked in Au­gust 2010.

ONGC, a com­pany with a Rs 60,000-crore turnover, re­mained head­less from Jan­uary to Oc­to­ber this year be­cause of se­ri­ous dif­fer­ences within the min­istry over se­lec­tion. Heads of state-owned oil com­pa­nies re­fused to talk to the min­is­ter for al­most six months. They were up­set with Reddy for re­fus­ing to hike prices of petro prod­ucts.

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