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ONGC out of Andhra Pradesh because of Jagan?

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It was KIA a few days ago and now this. Looks like more than genuine reasons, a kind of propaganda might be behind this which are intended to hurt the business sentiments of current and future investors.

And Andhra Pradesh not performing well will benefit only one person, Chandra Babu Naidu. Now, ONGC also wants to go out of Andhra Pradesh? Why? What is going so wrong all of a sudden which is pushing investors into a frenzy?

Nara Lokesh started commenting that while all Private Entities have left the AP State already, now it’s the turn of Public entities also quitting because of Jagan’s poor Tuglak administration.

He tweeted a clip of the story covered by Andhra Prabha. He also said he’s distressed on the fate of Andhra people.

ONGC had bought 70 acres in Kakinada for expansion. But did not complete the construction within the deadline. Therefore, APIIC had fined ONGC for 20 crores. ONGC had agreed to pay up 15 crores now and requested to let the rest 5 crores be paid in instalments. APIIC did not agree to this. They tried to meet Jagan to talk it over but failed to get his appointment.

On this Andhra Prabha mentioned that it must have happened because Government did not get share on Natural Gas and Oil.

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