Rejoinder to the News Item “KG-D5 Block Output may be delayed due to the Regulatory Changes”

On 20th February, 2018, certain newspapers have reported that the production of KG-DWN-98/2 /KG-D5 Block of ONGC in Eastern Offshore may be delayed due to Regulatory Policy Changes. This is a misrepresentation of the information given by ONGC in its regulatory filing to NSE & BSE.

The new policies concerning oil and mining sector as referred in the reply of ONGC to NSE and BSE, though not amply clarified in the reply, were pertaining to policies like Purchase Preference Policy, Steel Policy, GST Policy etc. AND NOT Regulatory Policy, as misrepresented in News Items.

You are requested to issue a Corrigendum to this effect.

Issued By:
Corporate Communications
Oil and Natural Gas Corporation Ltd
New Delhi