Top
Millennium Post

Cairn cannot be allowed to export excess crude, Centre tells Delhi HC

Government on Thursday told Delhi High Court that its empowered committee of secretaries has decided that Cairn India cannot be allowed to export the excess crude from its Rajasthan oil field. The submission was made before Justice Manmohan by the Ministry of Petroleum and Natural Gas which was directed on January 19 to place the issue before the committee and come back with a decision. Additional Solicitor General Tushar Mehta and central government Standing Counsel Anurag Ahluwalia told the court that the committee met on January 21 and decided that Cairn cannot be allowed to export the excess crude. The lawyers said that an affidavit to this effect would be filed before the next date of hearing on February 18. The court was hearing plea of Cairn India, subsidiary of UK-based Vedanta group, seeking directions to the government to permit it to export the excess crude. It had earlier told the court that a loss of Rs1400 crore has been caused to government as the company was forced to sell its share of crude from its Rajasthan oil field to private players at prices 20 per cent less than global rates.
Next Story
Share it