The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
-
Upload
mdanasaziz -
Category
Documents
-
view
214 -
download
0
Transcript of The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
-
7/30/2019 The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
1/7
WEB MAGAZINE SECTIONS INTERACTIVE FEATURES REGULARS RESOURCES RSS
WIRES LAST TELEGRAM SENT TO RAHUL GANDHI
National / Cover Stories MAGAZINE | J UL 15, 2013
Great Gas Heist | Lola Nayar, Arindam Mukherjee, Madhavi Tata http://www.outlookindia.com/article.aspx?286692
7 15-07-2013 13:04Print to PDFwithout this message by purchasing novaPDF (http://www.novapdf.com/)
http://www.outlookindia.com/article.aspx?286692http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.outlookindia.com/article.aspx?286692 -
7/30/2019 The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
2/7
Tweet 111 2COMMENTS P RINT
ALSO IN THIS STORY
Bartering Indias
interests to thecorporate world, thedamage they havedone is
unfathomable. D.A.Somayajulu, Member,
YSR CongressGoverning Council
Its done PM Manmohan Singh with Mukesh Ambani. (Photograph by J itender Gupta)
RELIANCE
The Great Gas HeistOne beneficiary, clear and corporate. How the UPA played for political positioning.
LOLA NAYAR, ARINDAM MUKHERJ EE, MADHAVI TATA
TEXT SIZE
In the Niira Radia tapes, theres this one delicious conversation the PR lady has with lobbyistRanjan Bhattacharya. It was May 2009, and UPA-II cabinet formation was in full swing.Bhattacharya quotes Reliance Industries Mukesh Ambani as telling him, Haan yaar, you know
Ranjan, youre right, ab toh Congress apni dukaan hai. Apocryphal or not, that earthyexpression of ownership is relevant in the aftermath of the UPAs recent decision to raise gas
prices for five years, starting at a flexible $8.4/mmbtuconceding a long-standing demand byIndias most powerful business house and its global partner BP.
This must be said because, apart from the Left parties and AIADMK, few even in the political
establishment are raising obvious questions about this deal, of which Reliance, the countryslargest private sector gas producer, is the major beneficiary. The whole pricing exercise has
been riddled with conflicts between the ministries of power, fertiliser, finance and petroleum;the formula has invited severe criticism; and theres an attempt by the UPA to airbrush theobvious negative impact of the hike on the common man and taxpayer. Nearly everything willbecome expensive; or, obviously, the taxpayer will bear these subsidies.
Back-of-the-envelope calculations by Outlook show that the cost of this gas hike on just thepower, fertiliser and lpg industries will be in the range of Rs 54,500 crore per annum. Also, the
costs of industry in general will go up. It is a massive loss to the nation. Already, fertiliserprices are soaring. Now, they will be increased again. This is a clear case of placing profit
above people, says Prof K. Nageshwar, an MLC from Andhra Pradesh. On the other hand,aided by a depreciating rupee, gas producers will rake it in. Every $1 increase in gas price
means $73 million profit for Reliance, says Nageshwar. The irony: gas was meant to be acheap, green fuel.
Theres also a political brazenness to the timing. A decision
slated for April 2014 has been announced a good ten monthsbefore, neatly sidestepping an election code of conduct andbuying the support of a crucial corporate. Given that AIADMK
has said that it would review the deal if a coalition it is part ofcomes to power, this pre-emptive pricing takes the decision outof the hands of (potentially, of course) an unreliable Third Frontcoalition. With elections around, whod want to upset a major
source of funding? says a political analyst.
Given the token response by the BJ P (see box), it appears thatthe national interest will ignite in the principal opposition party
only after 2014. Its no secret that, considering the growing (andopen) corporate support for Narendra Modi, the UPA has made
a political bargain by keeping Reliance happy. It is not justpolitical parties that are observing a measured silence. Industrychambers, normally eager to put their point across to the
media, were also trying to avoid eye contact. Last week, Modi,who normally draws a full house in his meetings, saw only a handful of prominent industrialistsattending his session at a CII conclave in Mumbai.
Finance minister P. Chidambaram and petroleum minister Veerappa Moily have rightly pointedout that currently the public-sector ONGC and OIL dominate gas production. But what theyhave failed to clarify is who will bear the subsidy burden for the power and fertiliser sectors.Going by the track record of the government, the state-owned exploration companies may well
have to pick up the tab. That leaves only Reliance. With global energy giant BP as its partner,there is no telling when the incentivised partners may reverse the drop in production tocapitalise on the higher gas prices. They (Reliance) have been waiting for this announcement
for a long time. Production will go up, says a person associated with Reliances D-6 block in
PHOTOS WIRES BLOGS LATEST
Cong Hits Back at Modi Over 'Burqa of Secularism' Remark
SC Rejects PIL Challenging CAG's Appointment
IAF's MiG-21 Crashes in Rajasthan, P ilot Killed
One Killed in WB Panchayat Poll Violence
Inflation Rises to 4.86% in J une
Last Telegram Sent to Rahul Gandhi
15-Year-Old Allegedly Raped by Neighbour in Delhi
The Telegram (1850-2013), R.I.P.
Don't Believe Cong Until Telangana Bill is Passed: TRS
Complaint Filed Against Modi For Godhra Riots Remark
FEATURED BLOGS & WIRES
Amar Gopal Bose (1929-2013)
Pran (1920 -2013)
Gujarat Riots: Uproar Over Modi's 'Puppy' Analogy
Bartoli Who Won't Ever Be a Sharapova
First An Eyewitness, Now A Blogger
SHORT TAKES
06 JUL 2013, 5:44:27 PM | BUZZ
There is even more cofusion about the Headley interrogationreport, as it turns out there had been an earlier allegation, onJ une 23 in theSunday Guardian which put the number of
these paragraphs as 158 and 159 (and not 168 and 169) asmentioned by Headlines Today which have now been
rubbished by lawyer Mukul Sinha thus:
Abhinandan Mishra, Senior Correspondent ofSunday Guardian on 22 J une 2013 declared in his
weekly that David Coleman Headley apparentlyanswering to a question by NIA in J une 2010 had
said the following.
158. On being asked about Ishrat J ahaan, I(Headley) state that in l ate 2005 Zaki ur
Rehman Lakhvi introduced Muzzammil to
me. Having introduced Muzzammil, Zakitalked about the accom lishments of
ADVERTISEMENT
ELSEWHERE IN OUTLOOK
The Ottavio Quattrocchi Files
'Sensational Tokenism'
Paris Diary
An Arbitrary Blackness Gallops In
Rags, Riches, Retro Pulp
Undeserved End Bracket
(Sir) Andrew Murray
Lootera
Anand Gandhi
You Are Hereby A Terrorist
RECENT
MOST VIEWED MOST COMMENTED
How Real-Life Tamil Love Stories End
Go With The Swing
You Are Hereby A Terrorist
Were Building Fences, Protecting Our Race, Religion
Buddha Mortified
Top Engineering Colleges
'Sensational Tokenism'
Anawrathas Battle-Axe
Bullets Speak A Story
Top 100 Engineering Colleges In India
Find us on Facebook
Outlookindia
Like
Like 310 Send
Great Gas Heist | Lola Nayar, Arindam Mukherjee, Madhavi Tata http://www.outlookindia.com/article.aspx?286692
7 15-07-2013 13:04Print to PDFwithout this message by purchasing novaPDF (http://www.novapdf.com/)
http://www.outlookindia.com/article.aspx?286692http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.outlookindia.com/article.aspx?286692 -
7/30/2019 The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
3/7
The cost of powerand fertiliser will goup, so thegovernment willhave to moderatethe impact. B.K.Chaturvedi, Member,Planning Commission
Like with GST, thisshould have beendiscussed with the
states. The decisionseems coarse,arbitrary. M.R.Venkatesh, CA AndPolitical Analyst,Chennai
the Krishna-Godavari basin, declining to be quoted. The biggest beneficiary is going to be
Relianceeyes closed.
Against the committed production of over 70 million metric standard cubic metres per day(mmscmd) at the KG basin, output has been as low as 15 mmscmd. Reliance has been in ahigh-octane war with the CAG, which has said the company is to be faulted for not complyingwith agreed investment and development plans. Our production will go up only in mid
2017-18, an RIL spokesperson says, seeking to deflate the charge that the price revision wasorchestrated to benefit Reliance. In some three years, when Reliance hopes to bring its Rcluster and satellite fields in the KG basin block into production, the gas price in the country
may well have reached $10/mmbtu. The company has made other finds of gas condensates inrecent months. The indications are all in Reliances favour. It could well emerge as the biggestgas producer in the country unless ONGC can be stirred to monetise its discoveries, includingin the KG basin. ONGC and OIL did not respond to Outlooks queries.
The government habit of selective picking of recommendations,
including from the Rangarajan committee report, has come infor criticism. The new formula (cherry-picked from the report,
and approved for 2014-19) is, to put it simply, based on theaverage of European nbp, Henry Hub of US and J apans import
gas price plus the average of Indian gas import price. Theformula is unique to India: no other gas-producing country hasdevised such a convoluted way to reward exploration
companies. Moreover, the government has deviated from thecommittees recommendation of a monthly review, insteadopting for quarterly revisions. Thus, the revised price of $8.4per mmbtu put out by the government is merely an indicative
price.
In another instance, the Rangarajan report spells out that thepricing policy should apply only for future investments. In that
case, most of the gas being produced in the country currentlyshould not see any change in price. But that distinction has not been kept. The UPAs selectiveadoption of proposals, totally ignoring the concerns of its own ministries, defies logic. The US
economy has turned around essentially due to lower gas price. What is the window for India?asks Anil Razdan, former power secretary.
What is particularly upsetting is the decision to equate domestic gas price with that of importedLNG, which has additional cost burdens of liquefaction, transportation and regassification. Thisalso goes against the panels recommendation. But petroleum minister Veerappa Moily has
been persuaded to believe that the import lobby is behind alleged attempts to scuttle Indiaschance to become self-sufficient in oil and gas production.
B.K. Chaturvedi, a member of the Planning Commission, who was on the Rangarajan
committee, defends the formula: As far as the committee is concerned, it stands by itsrecommendations. The committee was conscious that the governments contractualcommitment under the exploration policy (NELP) had to be honoured; therefore the prices wereaccordingly recommended. He does admit that the higher gas price will have bearing on the
power and fertiliser costs, so the government will have to find a way to moderate the impact.
The state government-owned Gujarat State PetroleumCorporation (GSPC) is another likely beneficiaryit has also
been seeking a higher price to make production from its K-Gbasin block viable. At the same time, D.J . Pandian, chairman of
gspc says, Even though gspc stands to benefit as an upstreamcompany, we will be put to great hardship as power producers,
for it will add Rs 2 per unit to our cost. Given that a large chunk
of power goes to agriculture and industry, the hike in powertariff will hurt end-users.
Experts are critical of the government assumption that highergas prices will attract foreign investments, as in the last 10
years, despite pegging crude oil prices to import parity andderegulating all petroleum products, inflow of FDI has beeninsignificant. The assumption is based on a false premise.
What worries me is that the subsidy bill will be humungous ifthis price goes through, says CPI(M) Rajya Sabha member
Tapan Sen, who feels let down by fellow parliamentarians. Theopposition should have come a long time back.
Unfortunately, gas price seems unlikely to be a major issue in the upcoming elections. So far,
only Tamil Nadu chief minister J ayalalitha has spoken against the price hike. Says M.R.Venkatesh, a Chennai-based chartered accountant and political analyst, Like in the case of
GST, this should have been discussed with the states, as they would be affected. The decision
looks coarse and arbitrary and is likely to be challenged under Article 14 of the Constitution.
Well, even if the deal is done, its the post-hike reluctance to discuss its fallout that is the mostworrying. I dont see any political fallout caused by this decision because political parties in ourcountry are not vigilant enough, says K. Keshav Rao, a former Congress Rajya Sabha
member who recently joined the TRS. Thats when one wonders if a delay in decision-makingis actually better than a wrong one being takenall in the name of reforms.
***
Primer: Everything You Need To Know On The Gas Price Rip-Off
What is the gas price all about?It is natural gas produced within the country; unlike imported liquefied natural gas (LNG). This
is viewed as a cheaper and more environment friendly fuel compared to imported crude oil.
Where is this natural gas found?Both onshore and offshore. Currently Bombay High produces the most gas; Assam, Andhra
Pradesh, Gujarat, Rajasthan, Tamil Nadu, Tripura are other states where gas is being
Great Gas Heist | Lola Nayar, Arindam Mukherjee, Madhavi Tata http://www.outlookindia.com/article.aspx?286692
7 15-07-2013 13:04Print to PDFwithout this message by purchasing novaPDF (http://www.novapdf.com/)
http://www.outlookindia.com/article.aspx?286692http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.outlookindia.com/article.aspx?286692 -
7/30/2019 The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
4/7
Tweet 111 2COMMENTS P RINT
produced.
How much gas does India have?
In 2012-13 India produced 47,558 million cubic metres of gas, a drop of 14.5% from theprevious year. Indias gas imports have been steadily rising, up to 30% of total consumptionlast year.
Which companies produce this gas?
The biggest players are state-owned ONGC and OIL, and Reliance Industries Limited (RIL). Inaddition, there are other players like BP, Niko, Cairn Energy working in various joint ventures.
Who do they supply gas to?
According to government allocation, the first priority is to power and fertiliser plants; then for
production of LPG or cooking gas; up next is other industries and city gas including piped gasand CNG.
How will you be affected?Households are obviously impacted as they are the end-users of power, piped gas andcompressed natural gas (CNG); if fertiliser costs go up, agriculture produce is bound to reflectit.
Who will benefit from pri ce hike?
Technically, both public and private sector explorers. As ONGC and OIL pay dividend togovernment and contribute to subsidy bill, the top beneficiary will be RIL, the biggest private
producer.
What impact will the gas price hik e have every year on tax payers?
Power plants: Rs 46,360 crore p.a.
Urea production: Rs 3,155 crore p.a.LPG production: Rs 1,620 crore p.a.
Total: Rs 51,135 crore p.a.At cur rent $ pri ces: Rs 54,500 crore*
Sources: power, urea, LPG figures based on estimations made by concerned ministries in the
CCEA note on gas price hike. Total cost arrived at $ value at Rs 59.
***
Inverted Logic
Why the gas price hike doesnt make sense
Government View Counter View
Need to attract foreign investment Import parity price for crude oil in past 10 years has
failed to woo big foreign investors
Will help to improve domesticproduction of oil and gas
The hike with prospective effect comes even asgas production has been slipping in recent years
Public sector companies like ONGC
and Oil India Limited will be biggerbeneficiaries
PSUs pay government huge dividends, also share
part of subsidies: moreover, PSU gas productionhas hit a plateau
Will subsidise gas for power and
fertiliser sector.
Reversing the efforts to cut down subsidies would
put fiscal prudence at risk
Government will earn more through
profit and royalties
Sure it will earn more but only lose it through
additional subsidy burden
***
How UPAs Four Petroleum Ministers Have Dealt With The Gas Issue
Mani Shankar Aiyar, May2004-Jan 2006 Shunted out forkeeping the Ambani brothers, then
together, at arms length. Aiyar,
however, also did his best to getONGC to focus more on improving
domestic oil and gas production.
Murli Deora, Jan 2006-Jan2011 Known as Uncle to theAmbani brothers, he pitched
for Mukesh in the legal fight
with brother Anil. In theprocess, he changed the
provision for market-determined gas prices.
S. Jaipal Reddy, Jan 2011-Oct
2012 Took unprecedenteddecision of not allowing Reliance
to recover $1bn cost incurred onunutilised infrastructure. Paid fornot permitting early review of gas
price: he was unceremoniously moved.
M. Veerappa Moily, Sin ce
Oct 2012 After famouslyblaming import lobbies, the
minister granted Reliancesdemand for high gas prices,ignoring the concerns of
power, fertiliser industries and impact onconsumers.
By Lola Nayar and Arindam Mukherjee in Delhi, Madhavi Tata in Hyderabad
TEXT SIZE
FILED IN:AUTHORS: LOLA NAYAR | ARINDAM MUKHERJEE | MADHAVI TATAPEOPLE: MUKESH AMBANI
TAGS: OIL-GAS-FUEL | OIL-GAS-FUEL PRICES | RELIANCE INDUSTRIES | UPASECTION: NATIONALSUBSECTION: COVER STORIES
Like 310 Send
Great Gas Heist | Lola Nayar, Arindam Mukherjee, Madhavi Tata http://www.outlookindia.com/article.aspx?286692
7 15-07-2013 13:04Print to PDFwithout this message by purchasing novaPDF (http://www.novapdf.com/)
http://www.outlookindia.com/article.aspx?286692http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.outlookindia.com/article.aspx?286692 -
7/30/2019 The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
5/7
TRANSLATE INTO: Powered by Translate
Follow us on Twitterfor all updates, like us on Facebook for important and fun stuff
ALSO IN THIS STORYRELIANCE
Lips And Purse-stringsMoney talks; it also gags. A 2014-fixated BJ Ps muteness on the gas-pricing issue provesthat.ANURADHA RAMAN, PRARTHNA GAHILOTE
JUMP CUT
A Wellhead Of BlundersWhy did our market-friendly policymakers revert to the much-malignedadministered price only for gas, while batting for market prices for all else?
T.N.R. RAO
RELIANCE
Reliable AttitudesYSRs long fight for a share of KG basin gasMADHAVI TATA
JUMP CUT
Self-Reliance, Not RelianceWhat we see now is a new and indigenous form of McCarthyism.MOHAN GURUSWAMY
Post a CommentYou are not logged in, please log in orregister
If you wish your letter to be considered for publication in the print magazine, we request you to use a propername, with full postal address - you could still maintain your anonymity, but please desist from usingunpublishable sobriquets and handles
DAILY MAIL
HAVE YOUR SAY | READ ALL 56 COMMENTS
56/D-43J UL 13, 2013
09:10 AM
Reliance refines oil in the largest refinery in the world. The more oilthat it refines, the more economical is the price which is afforded to
O. N. G. C., the distributor. The amount of crude oil to be imported byIndia, to be refined at the Reliance Refinery, is increasing at a great
pace. It seems, we are paying not for the refining, but for Crude Oil. Itappears, that the oil producing nations, will have no choice, but toincrease much cheaper imports and at a much lower price. Not thattheir profits will not increase, and greatly, and I think the Reliancerevenues are also increasing. The great unhappiness in politics is,
that our govt. within, also has a constituency, and the opposition is as
vocal as the govt., in voicing increasing oil cost. For instance, if theC. P. I. (M) was in govt., they would have discontinued, in the govt.,
also because of the unfair situation that they would have been seento be less represented in the parliament, and they would be obliged
to resign. There must be people in the cabinet, who are more vocalabout oil prices, than any other issue.
ADITYA MOOKERJ EEBELGAUM, INDIA
PERMALINK | LIKE (0) | DISLIKE (0) | REPORT ABUSE
55/D-20J UL 12, 2013
05:10 AM
>>As I say its a tough place to do business. Indian politicians arefamous for taking a bribe but offering nothing in return. Reliance isprobably old fashioned anyway. What politicians are now interestedin is real estate.
I know, sometimes Indian businessmen just wish they made their
View 5 more
Facebook social plugin
11 comments
Add a comment...
Sandeep Kathe Norwalk, Connecticut
Seems UPA ( with help from BJP) have now started open loot instead of hidden scandals .
Reply Like Saturday at 11:34am
Lenin Kispotta KIIT +2 SCIENCE COLLEGE
MAN ! how is this possible...and where is BJP....??? looting
Reply Like Saturday at 9:50am
Great Gas Heist | Lola Nayar, Arindam Mukherjee, Madhavi Tata http://www.outlookindia.com/article.aspx?286692
7 15-07-2013 13:04Print to PDFwithout this message by purchasing novaPDF (http://www.novapdf.com/)
http://www.outlookindia.com/article.aspx?286692http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.outlookindia.com/article.aspx?286692 -
7/30/2019 The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
6/7
own Antilla flipping burgers at MacDonalds so politicians won't beable to get their hands on it.
no worries, let's have Peace Tea by Coca Cola :)
http://www.bevreview.com/2013/03/18/review-peace-tea-razzleberry-tea/
HITESH BRAHMBHATTSAN DIEGO, UNITED STATES
PERMALINK | LIKE (0) | DISLIKE (0) | REPORT ABUSE
54/D-145J UL 11, 2013
10:56 PM
:lol:
all problems are now solved. The Iranians are getting desparate.
Iran asks India to settle all oil payment in rupees: Govt sources
http://timesofindia.indiatimes.com/business/india-business/Iran-
asks-India-to-settle-all-oil-payment-in-rupees-Govt-sources/articleshow/21023851.cms
MK SAINIDELHI, INDIA
PERMALINK | LIKE (0) | DISLIKE (2) | REPORT ABUSE
53/D-143J UL 11, 2013
10:32 PM
#52
>>>So, are you now saying that "money for lobbying" is what isholding the interest of the pols or you are saying pols don't have anyinterest in Reliance?
they take corporate money but their primary interest is gettingre-elected. If corporates can help them that is fine. But that doesn'tmean the corporate always gets its way. Indian politicians are famousfor taking a bribe but offering nothing in return. Reliance is
probably old fashioned anyway. What politicians are now interested
in is real estate.
The Indian politician is also feudal in nature. Say if a corporation
offers to fund all the free laptops that the politician is promising. So ithappens once, but do you think the politician wants to beholden tothe corporation? Not likely
As I say its a tough place to do business. It would be much easier ifit was a corporate sponsored oligarchy (like China), as many here
seem to believe
MK SAINIDELHI, INDIA
PERMALINK | LIKE (0) | DISLIKE (1) | REPORT ABUSE
52/D-141J UL 11, 2013
10:15 PM
#50
>>Their goal is to get elected by pandering to their constituency, who
certainly don't care about Reliance.
I did not say they are in love with Reliance but divorce is hard whenso much money is involved.
>>Only the state can pay for that, not Reliance.
Oh the loss-making PSUs?
>>Reliance can go bankrupt as far as any politician cares. If theydon't have money for lobbying then the pols will lose interest anyway
So, are you now saying that "money for lobbying" is what is holdingthe interest of the pols or you are saying pols don't have any interest
in Reliance?
Former seems to be self-evident and latter is less believable thannext bollywood blockbuster about Yeti in Himalayan foothills.
HITESH BRAHMBHATTSAN DIEGO, UNITED STATES
PERMALINK | LIKE (0) | DISLIKE (0) | REPORT ABUSE
HAVE YOUR SAY | READ ALL 56 COMMENTS
Comments Policy
ABOUT US | CONTACT US | SUBSCR IBE | ADVERTIS ING RATES | COPYR IGHT & DISCLAIMER | COMMENTS P OLICY
OUTLOOK TOPICS: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 6 7 8 9 Or just type in a few initial letters of a topic:
Great Gas Heist | Lola Nayar, Arindam Mukherjee, Madhavi Tata http://www.outlookindia.com/article.aspx?286692
7 15-07-2013 13:04Print to PDFwithout this message by purchasing novaPDF (http://www.novapdf.com/)
http://www.bevreview.com/2013/03/18/review-peace-http://timesofindia.indiatimes.com/business/india-business/Iran-http://www.outlookindia.com/article.aspx?286692http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.novapdf.com/http://www.outlookindia.com/article.aspx?286692http://timesofindia.indiatimes.com/business/india-business/Iran-http://www.bevreview.com/2013/03/18/review-peace- -
7/30/2019 The Great Gas Heist _ Lola Nayar, Arindam Mukherjee, Madhavi Tata
7/7
Great Gas Heist | Lola Nayar, Arindam Mukherjee, Madhavi Tata http://www.outlookindia.com/article.aspx?286692
http://www.outlookindia.com/article.aspx?286692http://www.outlookindia.com/article.aspx?286692