Something however tells me that Santanu and Mridul had polar
opposite outlook to things. Santanu's holds on to hope for change,
while Mridul's surrenders to Indian 'constitutional sanctity', thus
acquiesces to the unfairness to Assam.
Am I right :-)?
At 10:49 AM -0500 6/8/05, Roy, Santanu wrote:
Mridul:
I actually fully agree with you. I am glad you said that: "Besides, if we can get that we can get independance too."
You see, this is a point I have been trying to impress for a long time - that forget about independence or autonomy, even getting the GOI to genuinely transfer a minimal set of economic assets and powers to the state through a constitutional amendment will be resisted with as great ferocity by the corridors of power in Delhi as they would resist a demand for secession.
As for day dreaming, there are benefits that emanate from dreams - for example, all of the ideas behind human progress.
Santanu.
-----Original Message-----
From: mridul bhuyan [mailto:[EMAIL PROTECTED]
Sent: Tuesday, June 07, 2005 11:41 PM
To: [EMAIL PROTECTED]; Roy, Santanu; [EMAIL PROTECTED]; [EMAIL PROTECTED]
Cc: [email protected]
Subject: RE: [Assam] Oil India Strikes it rich in Dibrugarh Dist.
IMHO, all rights of ownership over all natural resources including
>>oil should be returned to the people of Assam - OIL and all other
>>companies can then buy it back from us at market price-
>>competitively with foreign bidders - and then float as much share
>>as they wish everywhere.
>>
It is easier said than done within the framework of the existing constitution. Besides, if we can get that we can get independance too. Instead of day dreaming, we should explore ways to derive the best.
Mridul Bhuyan
>From: Chan Mahanta <[EMAIL PROTECTED]>
>To: "Roy, Santanu" <[EMAIL PROTECTED]>, "Dilip/Dil Deka"<[EMAIL PROTECTED]>, "Ram Sarangapani" <[EMAIL PROTECTED]>
>CC: Assam <[email protected]>
>Subject: RE: [Assam] Oil India Strikes it rich in Dibrugarh Dist.
>Date: Tue, 7 Jun 2005 22:00:30 -0500
>
>You said it like it ought to be Santanu.
>
>Somehow an ordinary sense of reasoning has been missing from these
>convoluted arguments from some of Assam's best.
>
>_______________________________________________________________________________
>
>
>At 9:52 PM -0500 6/7/05, Roy, Santanu wrote:
>>Does it strike anybody as being odd that we are suggesting that the
>>taxpayers of Assam essentially buy ownership of a natural resource
>>of Assam ?
>>
>>After all, oil is no different from land or water. Suppose the GOI
>>floated a company that established ownership over all groundwater
>>or forest land in Assam, would we then suggest buying ownership
>>shares of that company using the Assamese taxpayers money?
>>
>>IMHO, all rights of ownership over all natural resources including
>>oil should be returned to the people of Assam - OIL and all other
>>companies can then buy it back from us at market price-
>>competitively with foreign bidders - and then float as much share
>>as they wish everywhere.
>>
>>Santanu.
>>
>>-----Original Message-----
>>From: [EMAIL PROTECTED] on behalf of Dilip/Dil Deka
>>Sent: Wed 6/8/2005 10:59 AM
>>To: Ram Sarangapani
>>Cc: Assam
>>Subject: Re: [Assam] Oil India Strikes it rich in Dibrugarh Dist.
>>
>>Also, I think its good thing that the company is issuing IPOs.
>>Whats
>>stopping the GOA (as Barua suggested) or others in Assam from
>>buying
>>into the company. One needs money to buy shares. Does GOA have
>>money to spare?
>>
>>If the GOA is not getting what it ought to be getting from OIL, it
>>either does not negotiate well, or is not listening to the
>>electorate,
>>or the electorate is blissfully not aware that they could demand
>>the
>>GOA work for them. You are correct.>>
>>I would not blame OIL, its just looking after its own interests,
>>just
>>like any other pvt. company. Its for the people to hold the GOAs
>>feet
>>to the fire. I agree.
>>
>>Dilip Deka
>>
>>
>>
>>
>>
>>Ram Sarangapani <[EMAIL PROTECTED]> wrote:
>>C'da,
>>
>>>*** 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.
>>
>>Maybe you will atleast believe what OIL itself is reporting to the
>>media. The figures quoted were from OIL (NOT GOI or media
>>speculation).
>>
>>Here is some more financial data from OIL
>>http://oilindia.nic.in/perf_financial.htm
>>
>>Also, I think its good thing that the company is issuing IPOs.
>>Whats
>>stopping the GOA (as Barua suggested) or others in Assam from
>>buying
>>into the company.
>>
>>>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 kind of statement can be made by any state or country - its
>>just
>>over the top. Should the people of Texas feel cheated because Shell
>>or
>>Exxon operate here at high profits?
>>
>>The residuals from a company like OIL is that they provide great
>>employment opportunities in Assam. They bring technology, explore
>>new
>>reserves etc.
>>
>>>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.
>>
>>Isn't OIl a private entity? And it is governed by all the rules &
>>regs
>>of such industries. If the GOA wanted a bigger share, they should
>>renegotiate with OIL on the contract.
>>
>>If the GOA is not getting what it ought to be getting from OIL, it
>>either does not negotiate well, or is not listening to the
>>electorate,
>>or the electorate is blissfully not aware that they could demand
>>the
>>GOA work for them.
>>
>>I would not blame OIL, its just looking after its own interests,
>>just
>>like any other pvt. company. Its for the people to hold the GOAs
>>feet
>>to the fire.
>>
>>I think, the intellectuals in Assam would best serve the state by
>>seriously analyzing issues such as royalties from OIL (or ONGC)
>>etc,
>>and the GOA should listen and implement on their recommendations.
>>
>>--Ram
>>
>>
>>
>>On 6/7/05, Chan Mahanta wrote:
>>> 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"
>>> To: "Assam"
>>> 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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