RS Pandey takes charge as Petroleum Secy

RS Pandey has taken charge as the new Petroleum Secretary from today. He takes over from MS Srinivasan. Pandey was previously posted as steel secretary. He comes at a time when oil companies are currently facing a severe liquidity crunch.

So what changes would he bring to improve the financial health of the oil sector?

On being asked about the oil bond issue, RS Pandey said, "Yes,  oil companies are in a difficulty. There are liquidity issues, I have been told that the ministry has already taken up the matter with the finance ministry. This issue will be shortly addressed."

He added that the matter was under discussion between the two ministries and that some solution would be found out. "I can't tell you exactly what solution," he said.