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Petroleum Minister Veerappa Moily retracts statement on threat from import lobby

IANS
Jun 15, 2013 at 09:17pm IST

Bangalore: Petroleum Minister M Veerappa Moily Saturday denied he had said that he faced a threat personally from oil import lobbies. "I did not say that. My statement has been confused by media," he told reporters on the margins of a function in Bangalore.

Moily said what he had stated was there was "fear or anxiety" over undertaking large-scale oil exploration as there was "obstruction" to it. He said India was spending between Rs 7 lakh crore to Rs 8 lakh crore annually to import oil and if this continues, economy would be severely hit.

ALSO SEE Moily hits out at oil lobbies, says they threaten petroleum ministers

On Friday, Moily had told reporters in New Delhi that "every minister who is occupying this (petroleum) position is threatened. There is bureaucratic delay and obstruction and also other lobbies that don't want us to stop imports".

Moily retracts statement on threat from import lobby

Moily said he meant there was 'fear or anxiety' over undertaking large-scale oil exploration as there was 'obstruction' to it.

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