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.

 

 

Source: http://www.business-standard.com/article/pti-stories/oil-min-wants-to-recoup-kg-d6-profit-share-from-panna-fields-115020100156_1.html

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