Millennium Post

Govt gets $7-bn profit petro from Cairn’s Raj fields in 3 fiscals

Cairn India has paid government $7.05 billion in profit petroleum from its Rajasthan oil fields in the last three fiscals, accounting for 60 per cent of the profit petroleum government earned from private fields.

The government got $11.954 billion in profit petroleum from oil and gas fields operated by private firms like Cairn and Reliance Industries during 2011-12 to 2013-14, Oil Minister Dharmendra Pradhan said in a written reply to a question in the Lok Sabha. Of this, the maximum of $ 7.057 billion came from Cairn’s Rajasthan oilfields. BG Group-operated Panna/Mukta and Tapti field gave $2.507 billion.

Cairn’s Ravva field gave $1.066 billion and its Cambay basin field CB-OS/2 an additional $316 million.
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