That is why a more reliable system of selecting able and
accountable Assam govt. is one of the most pressing needs for the people
of Assam, something the current Indian model has failed to deliver on, and
cannot in the future, without fundamental reforms.
On certain day in June 2005,
certain Mr Chandan Mahanta of St Louis spoke very eloquently and forcefully
about the pressing needs to the people of Assam.
He is of the opinion that without
fundamental reform India cannot deliver.
But that is still
speaking!!
Assamese people would say Hobo
Diok and would praise Chandan Mahanta for being such a well wisher for
Assam.
Rajen
----- Original Message -----
Sent: Tuesday, June 07, 2005 10:12
AM
Subject: Re: [Assam] Oil India Strikes it
rich in Dibrugarh Dist.
At 9:51 AM -0500 6/7/05, Rajen Barua wrote:
Take it easy. You don't need to interprtet that way. If you don't
believe the Rs 1061 crores figure, why don't you come up witth your
economics and enlighten the kharhwas? If f you believe, then you should
agree with me. Which one it is? Please don't talk on air.
Rajen
*** I don't believe any of these statistics. There is no history of
reliable numbers coming out either in govt. handouts, or in private company
notifications, or news-paper reporters' dispatchers or Assam netters'
speculations.
But one has to believe in something, to be able to deliberate on issues,
right?
I would agree, but it has to be something that is beyond reproach.
In this case, that has to be the fact that OIL is pumping oil. That it
is in business making a profit ( a private company cannot stay in business if
it is not making a profit, unless it is a desi one, surreptitiously subsidized
by the citizenry), that it has discovered new sources of oil and that it pays
Assam little, while it makes its profit selling its processed goods at
international rates.
There is something grossly unfair about it as far as the owners of these
natural resources, the people of Assam, that OIL or ONGC get, almost for
free.
That is one of the many grievances many people of Assam have been
fighting against the Center for decades now, without any satisfaction.
Now, just because the establishment of Assam does not make waves about it
, does not mean ALL people of Assam acquiesce to it. The proof is the
insurgency, which arose due to the short shrift given to the people of
Assam by its colonial master, the Center, after its own reps. let it
down.
That is why a more reliable system of selecting able and
accountable Assam govt. is one of the most pressing needs for the people
of Assam, something the current Indian model has failed to deliver on, and
cannot in the future, without fundamental reforms.
----- Original Message -----
From: Chan
Mahanta
To: Rajen
Barua ; Ram Sarangapani ; Assam
Sent: Tuesday, June 07, 2005 9:25 AM
Subject: Re: [Assam] Oil India Strikes it rich in
Dibrugarh Dist.
> This also
shows that owning OIL by Assam may not be that fun after all, and should
be a lesson >to the freedom fighters of Assam. There may not be much
gold in the golden pot.
*** That is serious. Maybe OIL is there for charity to Assam,
employing all those lazy people at exorbitant salaries. The Assamese ought
to be warned not to rock the boat, asking for more royalty et. OIL may
leave and Assam will be left holding the empty wells, and paying them
outsiders to close the wells down.
Yep, those freedom fighters need to screw their heads on
right.
:-) :-) :-)
But seriously something seems to be missing in the reasoning
here, isn't it?
At 8:37 AM -0500 6/7/05, Rajen Barua wrote:
>their
profit has zoomed up to Rs 1061 crores in the last
> financial
year.
This is where we
need to know the reality of the economics of situation. Frankly speaking
this Rs. 1061 crores profit will be only around 5% of total annual oil
production revenue of OIL (according to my one estimate and based
on present world oil price). This also means that OIL will be
incurring a loss if it were to pay the royalty to Assam. This also
shows that owning OIL by Assam may not be that fun after all, and should
be a lesson to the freedom fighters of Assam. There may not be much gold
in the golden pot. But there again one need to know how
OIL is calculating their profit which may be tricky.
Anyhow, I think Assam will be better off just playing dumb and
claiming 12.5% royalty which will be around Rs 4000 crores according to
one estimate I made earlier. At least that will start the debate and
discussion for decentralization. The point is to do something. At
present Assam is just sitting Hobo Diok..
RajenBarua
----- Original Message
-----
From: "Ram Sarangapani"
<[EMAIL PROTECTED]>
To: "Assam" <[email protected]>
Sent: Monday, June 06, 2005 6:17
PM
Subject: [Assam] Oil India Strikes
it rich in Dibrugarh Dist.
> This is good news indeed, and
the fact that OIL is going for its first IPO.
>
>
-----------------
>
> OIL strikes it rich in three
structures in Assam
> Guwahati, Jun 06 (UNI) Oil India Limited
(OIL) has struck crude
> petroleum in the three new structures in
Dibrugarh district of Upper
> Assam even as their profit has
zoomed up to Rs 1061 crores in the last
> financial
year.
>
> According to the director's report, the OIL has
struck oil in the
> three new structures on North Tini Ali, West
Zaloni and Samdang-3.
>
> The company is upbeat with the new
discoveries as they are preparing
> for the first Initial Public
Offering (IPO).
>
> The OIL India sources, however,
confirmed that they were keeping their
> finger crossed about the
result of the latest round of the New
> Exploratory Licensing
Policy (NELP) bidding for getting license for
> exploration of the
new block.
>
> The ONGC, Reliance and Videocon are pupshing
ahead for license in new
> prospective blocks of Upper
Assam.
>
> The source informed that new discoveries would go
a long way to double
> the gas and crude production in the next
five years through initiative
> like breakthrough performance
under taken by the company for
> organisational
transformation.
>
> In fact the director's report said the
profit after tax was Rs 1061
> crores as the oil and gas products
had registered a seven per cent
> growth in the last financial
year ending March 2005.
>
> Increased production of crude
oil and natural gas coupled with increse
> in price resulted in
company recording the highest ever total income
> of Rs 4097
crores.
> --From Deepikaglobal.com
>
>
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