Oil & Natural Gas Corporation Ltd.

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CAG red-flags deficiencies in ONGC’s marine logistics operations

Date: 18-07-2019

The Comptroller and Auditor General of India (CAG) has red-flagged multiple operational lacuna in marine logistics operations of Oil and Natural Gas Corporation (ONGC).

The CAG also pointed out deficiencies in awarding of new vessel construction contract to an inexperienced contractor solely on the basis of experience of the foreign technical collaborator.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.