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Oil Mins wants to recoup KG-DC profit share from panna fields.
01 Feb 2015

Oil Ministry is mulling recouping $195 million it believes is due from Reliance Industries in the flagging KG-D6 block from oil and gas it sells to public sector firms from the separate Panna/Mukta and Tapti fields.

The Ministry believes RIL has to remit additional profit petroleum of $195 million to the government after $2.376 billion in KG-D6 expenditure was disallowed for output lagging targets.