The former chairman of ONGC, RS Sharma, in an interview on CNBC-TV18 gave his take on the latest coming out of the Cairn-Vedanta deal.
ONGC doesn't think the geopolitical tension in Libya and Bahrain will impact investment sentiment in the sector. The upstream major says it’s on track to hit the capital markets with its FPO on March 15.
Oil Secretary, S Sundereshan said he sees the need for some formula for subsidy sharing by 2011-end. He said that the government would work on an innovative solution for diesel prices in 2011, but said that the decision on diesel decontrol would be difficult at the moment.