ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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ONGC’s Purchase of GSPC Reserves

Political Security or Energy Security?

The Oil and Natural Gas Corporation’s decision to buy 80% of Gujarat State Petroleum Corporation’s interests in the Krishna Godavari basin for $1.2 billion could be a calculated gamble. While the deal has been criticised as a rescue operation to save GSPC from bankruptcy, this article attempts to take a more dispassionate look at it both from the angles of commercial interest and promoting India’s energy security. 

 



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Updated On : 6th Feb, 2017

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