India's federal government is considering whether to sell 10% of its stake in Indian Oil Corp. and 5% of its stake in Oil & Natural Gas Corp. by March. OIL and gas explorer Oilex said it has significantly upgraded its gas reserves in India thanks to advances in extraction tecnology, sending its shares soaring more than 150 per cent yesterday. India is not standing by while the US and China scramble for Ghana's new found natural resource, oil. When Kosmos Energy first put up its stake in Ghana's major oil field, the Jubilee Oil field for sale, India was one of the countries that declared its intention to buy.
No need to disinvest, not necessary for such a rich profit making state owned organization,
why there is no agitation for such a serious issue ?
Its very sad
maibenam 1 day ago