Govt behind OilMin: Moily

Image
Press Trust Of India New Delhi
Last Updated : Jan 20 2013 | 10:39 PM IST

Asserting that the government will protect its right over natural resources, Law Minister Veerappa Moily today said the Centre was fully behind the petroleum ministry’s plea in the Supreme Court seeking delinking of gas from the Ambani family deal.

“It is the government petition that has been filed in the Supreme Court. We are fully behind the petroleum ministry in protecting the interest of the government,” he said, emerging from a meeting called by finance minister Pranab Mukherjee on the issue.

Moily’s assertion comes in the midst of reports that the oil ministry’s petition filed in the Supreme Court to assert its right to fix the gas price and seek direction to declare null and void the Ambani family MoU on the issue could be diluted through a modified prayer.

“We are not interested in any family settlement. All we want is that the property that belongs to the people of this country should be de-linked,” Moily said. “And whatever is needed to protect our (government) interest, we will do.”

The meeting, attended by petroleum minister Murli Deora, government counsel Mohan Parasaran and secretaries of law and oil ministries, were to “...bring out a stronger government response to the appropriation of natural gas” from KG basin fields by the two brothers.

Moily made the government position public within days of RNRL Chairman Anil Ambani alleging that the petroleum ministry is colluding with Mukesh Ambani-led RIL to give the company a supernormal revenue of Rs 50,000 crore. Anil Ambani, whose RNRL claims more than one-third of KG-D6 output at the rate of $2.34 per mBtu (million British thermal unit), which is 44 per cent cheaper than the government-specified rate, had reportedly stated that the petroleum ministry and not the government had gone to the Supreme Court against the family settlement that split the Ambani empire.

Without taking Anil Ambani’s name, Moily said it was “uncharitable” on the part of certain people to have attacked Deora on the issue as he was only acting in the public interest.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 01 2009 | 1:22 AM IST

Next Story