ONGC Consultancy Contracts Follow Global Best Practices, Says Minister Puri

Union Minister Hardeep Singh Puri stated that the Oil and Natural Gas Corporation Limited (ONGC) engages specialized entities for complex technical studies, adhering to global best practices. He highlighted the collaboration with IFPEN, a French R&D institute, for hydrocarbon exploration and technology implementation. Puri clarified that ONGC's consultancy contracts, including those with Beicip-Franlab, are minimal compared to its overall operations, ensuring compliance with financial regulations.

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