India against bringing oil assets under state control

India today said it would not follow the Russian model of ‘Resource Nationalisation’ as confining oil and gas reserves to public sector can breed inefficiencies through sub-optimal utilisation of resources.

In most of the Gulf nations, state-run firms own and operate oil and gas fields. Russia, which had allowed global energy giants to look for oil and gas, too has lately been ’seizing’ control of its vast fuel reserves.
The Hindu