OGJ NEWSLETTER

The global juggernaut of privatization rolling through the petroleum industry is hitting a few speed bumps with the workers it displaces. More than 25,000 employees of India's state owned ONGC went on a 1 day strike Sept. 1 to protest new government policies allowing foreign and private companies to explore for and develop oil and gas fields in India. New Delhi is accelerating efforts to lure more private investment in Indian E&D to wean itself of 75% oil dependence.