Anil Bakaya
10 साल 5 महीने पहले
Oil and gas prices are at historic lows. They will go up as demand from India, China etc grows. The opportunity exists for GOI to encourage PSUs like ONGC, IOC, BPCL, to buy equity and management rights in emerging oil and gas entities in countries like Russia, Iran, former USSR. Enter into 30 year forward contracts for guaranteed purchases of half their future production at current USD prices adjusted for US annual CPI increases. If the INR appreciates in future there will be a double benefit.
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