Looks like these are from the
horse's mouth. If these are correct figure, the earlier figures on ONGC Assam
may not be very accurate. Let us hold onto these as our basis of discussion for
the future to calculate the royalty percentage Assam is getting. If these
figures are correct, GOI seems to be giving Assam as much as it is taking
away from Assam. Anyhow these will be good basis for discussion. At least
ULFA need to memorize these figures in case George Bush suddenly asks them
question, unless of course ULFA have their own figures.
Rajen Barua
----- Original Message -----
From: "Ram Sarangapani" <[EMAIL PROTECTED]>
To: "Rajen Barua" <[EMAIL PROTECTED]>
Cc: "Assam" <[email protected]>; "Chan
Mahanta" <[EMAIL PROTECTED]>
Sent: Tuesday, June 07, 2005 11:54 AM
Subject: Re: [Assam] Oil India Strikes it rich in
Dibrugarh Dist.
>
>
> OIL contributes Rs 1000 cr to State
> From Ron Duarah
> DIBRUGARH, June 6 – Public sector petroleum major Oil India Limited
> (OIL) has contributed Rs 1000 crore to the Assam exchequer in 2004-05,
> according to figures released here today. Of this, Rs 800 crore
> accrued out of royalty and sales tax and Rs 200 crore as subsidy to
> the Assam government in crude oil and natural gas transportation
> tariff. This Rs 1000 crore is in addition to the Rs 7 crore the
> company spent last year on community and public infrastructure
> development works in the Dibrugarh and Tinsukia districts.
>
> The company has also pipped 117 leading companies of the nation and
> was awarded the best corporate social responsibility (CSR) award for
> 2003-04. The award, instituted by The Energy resources Institute
> (TERI)–formerly Tata Energy Research Institute was for OIL's
> stupendous success in a rural uplift programme called 'Rupantar'.
>
> On the financial score too, OIL has been able to push up its annual
> turnover in 2004-05 to Rs 4097 crore, ending with a net profit after
> tax (PAT) of Rs 1061.68 crore. A contributor to the hike in turnover
> and PAT was the international spiralling of crude oil prices. During
> the previous fiscal, the company's turnover was Rs 3476 crore and PAT
> Rs 945 crore. During the period, crude oil production went up from 3
> million tons to 3.20 million tons, an increase of 6.6 per cent from
> that of the previous accounting period. This year, the company hopes
> to find new oil reserves as three new wells in the Dibrugarh district
> have been found to be commercially viable. These are at Tiniali,
> Zaloni and Samdang.
>
> In natural gas production too, the picture seems rosy as the company
> last year produced a record 2010 million metric standard cubic metres
> (MMSCUM) in 2004-05. As the gas cracker project is yet to materialise,
> the sold natural gas totalled 1472 MMSCUM.
>
> During 2004-05, OIL has achieved two other distinctions too. One is
> the award of the ISO : 14001 certification on environmental management
> systems and award of the ISO : 18001 certification on occupational
> health and safety assessment system, and second, declaration of OIL as
> one of the country's five best public sector undertakings in the
> energy sector, as assessed by CRISIL.
>
> Last year, OIL has ventured abroad too, in its quest for bigger
> production figures. The company has entered into collaboration with
> Indian Oil Corporation Limited for a exploring in Block No. 86 in
> Libya. A few more foreign forays are in the pipeline this year.
>
> The company is also laying a 660 km long product pipeline from
> Numaligarh to Siliguri to help NRL market its products beyond the
> northeast. On the anvil is an ambitious project to start a CNG project
> in Guwahati and other towns in the Brahmaputra valley. Once
> implemented, this would go a long way in bringing down automobile
> exhaust pollution, as entire Assam is currently experiencing an
> automobile boom, with car sales surpassing previous marketing
> expectations.
>
> While OIL in 2004-05 struck new oil reserves, paid record royalties
> and taxes made the highest ever profits and earned national laurels,
> OIL chairman and managing director, Ranjit Kumar Dutta is more than
> pleased that the company's 'Rupantar' scheme has been able to best
> similar welfare projects launched by any other company in the country.
> The TERI award saw a keen contest among the high and mighty in India's
> corporate world, both in the private and public sector. With the
> contestants including giants like SAIL, ONGC, IOC, Reliance, Tatas,
> the award was nationally coveted.
>
> On behalf of OIL, group general manager Jnanjit Kumar Talukdar
> received the TERI CSR award at a glittering ceremony at New Delhi on
> May 27. He received the plaque and the citation from the Union
> Commerce Minister, Kamal Nath. 'Rupantar', the scheme OIL took up, was
> to help the growth of a sustainable rural economy by promoting a
> cluster of professional self help groups in the Tinsukia and Dibrugarh
> districts. The scheme is being implemented with the Guwahati-based
> State Institute of Rural Development (SIRD) and the nodal agency.
> Wherever 'Rupantar' is being implemented, the villages have undergone
> a sea change in the way people think about the economy. 'Ruantar', an
> Assamese word for 'change', has transformed more than two hundred
> villages in the two districts till now.
>
>
> On 6/7/05, Rajen Barua <[EMAIL PROTECTED]> wrote:
> > the majority of the intelligentsia is continuing to day-dream, because it is
> > not being hurt; directly and indirectly it reaps the harvest of ma-baap's
> > largesse raining down from Dilli. Furthermore, the scene becomes more
> > complicated because Assam's right of self determination raises fears of an
> > ethnic Assamese dominance among the other ethnics with fewer numbers,
> > further fanned on by those who would not want to see Assam
> > self-determination come about no matter what.
> >
> > Looks like you are now starting to blame the Assamese people to be self
> > centered, coward and what not. How dare you!
> > Rajen
> > ----- Original Message -----
> > From: Chan Mahanta
> > To: Rajen Barua ; Ram Sarangapani ; Assam
> > Sent: Tuesday, June 07, 2005 11:35 AM
> > Subject: Re: [Assam] Oil India Strikes it rich in Dibrugarh Dist.
> >
> > >But that is still speaking!!
> >
> > *** Are not us ALL speaking (talking):-)?
> >
> > But our talk is being talked by those in Assam too, some of the loyal ruled
> > and the insurgents alike.
> >
> > No matter what the people of Assam, even if its every man, woman and child
> > demand, it is unlikely the Center is going to waver. More so when a majority
> > of its establishment is beholden to Indian rule and are satisfied with
> > singing the praises of desi-demokrasy. The insurgents realized that long
> > ago. But the majority of the intelligentsia is continuing to day-dream,
> > because it is not being hurt; directly and indirectly it reaps the harvest
> > of ma-baap's largesse raining down from Dilli. Furthermore, the scene
> > becomes more complicated because Assam's right of self determination raises
> > fears of an ethnic Assamese dominance among the other ethnics with fewer
> > numbers, further fanned on by those who would not want to see Assam
> > self-determination come about no matter what.
> >
> > >Assamese people would say Hobo Diok---
> >
> >
> > What would my NRA friends say :-)?
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > At 11:02 AM -0500 6/7/05, Rajen Barua wrote:
> > 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 -----
> > From: Chan Mahanta
> > To: Rajen Barua ; Ram Sarangapani ; Assam
> > 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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> >
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