Oil ministry wants a share of coal-to-liquid pie
-
27/09/2008
-
Business Standard (New Delhi)
Rakteem Katakey / New Delhi September 27, 2008, 0:17 IST
The petroleum ministry has recommended that successful bidders in its proposed coal-to-liquid project should share a portion of their profits with the government, similar to what oil exploration firms are doing.
The projects, located in three different coal blocks in Orissa, would require investments in excess of $8 billion, and produce refined petrol and diesel at half of today