Wednesday, August 3, 2016

CAG RED-FLAGS RIL'S KG-D6 COST RECOVERY

CAG has red- flagged $1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of  ONGC’s gas flowing into the eastern offshore fields of the  RIL.

CAG report which was tabled in Parliament, says that 831.88 sq km of KG-D6 area needs to be taken away from RIL as per the contract and cost of discoveries it had relinquished should not be allowed to be recovered from sale of oil and gas from the block. Also, cost recovery for doing discovery conformity test should be looked into afresh.

No comments:

Post a Comment