Cairn CEO suggests easing of rules, levy to raise investment and output

Cairn, oil and gas arm of the Vedanta group, is producing at a cost of close to $8 a barrel

Vedanta Cairn is open to bringing in partners for few oil and gas blocks it has got under the Open Acreage Licensing Policy (OALP). 

The company has all clearances in place for 11 of the 47 blocks it had got under the previous bidding round under OALP. 

Ajay Dixit, its new CEO for oil and gas, says the central government should cut the cess levy by half, to encourage domestic production. The rate is now 20 per cent of the value of the oil. 

“This should be halved, at least. The government should take it from the revenue and not