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Still uneasy about Essar's financing plans for Ratna

Vol 6, PW 13 (28 Aug 02) People & Policy
       

ANOTHER MAJOR PROBLEM is the oil ministryآ’s continued unease about Essar's "hazy" financing plans for development of the Ratna oilfield....

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  • Expect poor response for 27 NELP-III blocks

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  • Meeting on Ratna brings PSC no closer than before

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  • IOC will stay in Farsi block with Oil India and OVL (28 Jul 05)

  • Ratna consortium angry at new government terms (04 May 05)

  • More delay for Ratna PSC following ICICI letter (19 Nov 03)

  • No Ratna PSC until Essar shows loan with ICICI (09 Oct 02)

  • Still uneasy about Essar's financing plans for Ratna (28 Aug 02)

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  • Ratna 'farm-in' opportunity for oil companies (11 Oct 00)

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