(a) whether the Public Sector Undertakings are earning heavy profit by extraction of petroleum products and natural gas after acquisition of land from States;
(b) if so, the details thereof along with the steps taken by the Government to share their profit with States and land owners; and
(c) the other corrective steps being taken by the Government in this regard?
MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OFPETROLEUM & NATURAL GAS ( SHRI DHARMENDRA PRADHAN)
(a): All the Public Sector Undertakings are not earning profit, although some of them have exploration blocks but are in various stages of exploration/appraisal. Profits after tax earned by Oil and Natural Gas Corporation (ONGC) Ltd. and Oil India Ltd. (OIL) for the last three years are as under:
In addition to the above, Profit Petroleum has also been realized in two blocks/fields, namely, CB-ONN- 2000/1 and Unawa. The total Profit Petroleum realized by the Contractor till the Financial Year 2013-14 is to the tune of Rs. 80 Crores.
(Rs. in Crore) Name of PSU 2011-12 2012-13 2013-14 ONGC 25,123 20,926 22,095 OIL 3446.92 3589.34 2981.30
M/s GSPCL has paid Rs. 51.05 Crores to the Central Government as Governments share of Profit Petroleum till the Financial Year 2013-14 from the two block/field. In addition, royalty of Rs. 92.16 Crores has been paid to the Gujarat Government till the Financial Year 2013-14 on oil/gas production from the 5 blocks/ fields in Gujarat, operated by M/s GSPCL.
(Rs. in Crore) Name of PSU 2011-12 2012-13 2013-14 ONGC 6164.80 6869.90 7297.10 OIL 1349.49 1332.54 1276.48