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Parliament Questions And Answers On Petroleum Sector
GOVERNMENT OF INDIA
MINISTRY OF PETROLEUM AND NATURAL GAS
LOK SABHA
UNSTARRED QUESTION NO 1822
TO BE ANSWERED ON 17.07.2009
COMPLAINT AGAINST M/S HARDY OIL AND GAS COMPANY
Shri RUDRAMADHAB RAY
MINISTRY OF PETROLEUM AND NATURAL GAS
LOK SABHA
UNSTARRED QUESTION NO 1822
TO BE ANSWERED ON 17.07.2009
COMPLAINT AGAINST M/S HARDY OIL AND GAS COMPANY
Shri RUDRAMADHAB RAY
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Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:- (a) whether Hardy Oil and Gas has made unethical and premature announcement of natural gas reserves in Reliance Industries K.G. Basin Blocks; (b) if so, the facts thereof? (c) whether the announcement made by Hardy Oil & Gas has attracted related rules and regulations; (d) if so, the details of rules and regulations thereof; and (e) the action taken/proposed to be taken against Hardy Oil & Gas? MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI NAMO NARAIN MEENA) (a) and (b): SEBI has informed that as per information received from Directorate General of Hydrocarbons (DGH) Hardy Oil and Gas is a partner of Reliance Industries Limited with a 10 percent stake in Block D-3 and D-9. It has made a public announcement about significant hydrocarbon potential at its exploration blocks in the Krishna Godavari Basin. (c): DGH has informed SEBI that the announcement is against the established norms and procedures of DGH and was not vetted by it. (d) and (e): This issue is under the purview of Ministry of Petroleum and Natural Gas which is in the process of collecting the required information. |
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