ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-Resisting Foreign Intrusion into Indian Oil

Resisting Foreign Intrusion into Indian Oil B M THE grandiose plans of the Petroleum Minister, P C Sethi, to 'open up India to the international oil companies in a frantic bid to discover oil, on-shore and off-shore, seem to be going awry. The OPEC challenge has not apparently softened up the notorious seven sisters of the world oil business. They remain as exacting bargainers as ever. They insist on solid and substantial gains for themselves before they choose to make any deal. It is naive of P C Sethi and the men in his ministry to be taken by surprise or to be dismayed at the oil companies' close-fisted response to the warm invitations handed out to them for exploration of prospective on-shore and off-shore structures.

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