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Haven�t endorsed ONGC�s PEC model: Saikia

By STAFF REPORTER
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GUWAHATI, Aug 22 - The Leader of the Opposition in the State Assembly Debabrata Saikia has said he has not given any unequivocal endorsement to the Production Enhancement Contract (PEC) model adopted by ONGC to develop oilfields with the participation of private players, as has been claimed by some officials of the petroleum giant.

In a statement, Saikia said he appreciates certain aspects of the ONGC�s performance, such as the increase in productivity, reduction in loss, CSR activities and employees� welfare.

At the same time, Saikia sought a detailed explanation regarding the difference between the PEC model and the earlier version of �majority stake sale/transfer� of certain oilfields to private players. He said he would not comment on the pros and cons of the PEC matter, which needs to be clarified by the ONGC.

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Haven�t endorsed ONGC�s PEC model: Saikia

GUWAHATI, Aug 22 - The Leader of the Opposition in the State Assembly Debabrata Saikia has said he has not given any unequivocal endorsement to the Production Enhancement Contract (PEC) model adopted by ONGC to develop oilfields with the participation of private players, as has been claimed by some officials of the petroleum giant.

In a statement, Saikia said he appreciates certain aspects of the ONGC�s performance, such as the increase in productivity, reduction in loss, CSR activities and employees� welfare.

At the same time, Saikia sought a detailed explanation regarding the difference between the PEC model and the earlier version of �majority stake sale/transfer� of certain oilfields to private players. He said he would not comment on the pros and cons of the PEC matter, which needs to be clarified by the ONGC.

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