August 25, 2005

Re: India irked by China oil deal

Asia Times Letters, 25.08.2005

The Chinese state media [are] mistaken in [their] conclusion of a "victory" over India in the PetroKazakhstan deal [India irked by China's gloating on PK deal, Aug 25]. India's ONGC [Oil & Natural Gas Corp] is not enmeshed in the state apparatus like CNPC [China National Petroleum Corp] – it is an autonomous navaratna public-sector company. In fact, some analysts have criticized the Petroleum Ministry in Delhi for not intervening to help out [ONGC] Videsh in its bid. Beijing on the other hand has showered its blessings on CNPC. However, that is not how it's done in India. Rules are rules, and they are kept. As a Petroleum Ministry spokesperson made clear, unless [ONGC] officially asked the ministry for some kind of lobbying, it would be impossible for them to intervene. In any case, their jurisdiction is limited.

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