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CAG's indictment of ONGC for over-reporting crude output: Government silent
Nov 17:
The government has refused to comment on whether it plans to take action on the CAG's observation that it had overstated its crude oil production for several years by including condensate in the output mix
8According to the CAG report, if the actual crude oil production was reported, the company would not have met its production targets in the 2010-11 to 2014-15 period.
8As performance related pay (PRP) of its employees is related to achievement of production targets, actual production reporting would have resulted in lesser pay-outs of Rs. 106.51 crore of PRP to the employees.
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8According to the CAG report, if the actual crude oil production was reported, the company would not have met its production targets in the 2010-11 to 2014-15 period.
8As performance related pay (PRP) of its employees is related to achievement of production targets, actual production reporting would have resulted in lesser pay-outs of Rs. 106.51 crore of PRP to the employees.
Click on Reports for more
