Will Reliance pay the fine of 6600 crores to the government chaged against the company for the steep fall in gas output from the KG-D6 block as promised and as needed by the agreement?
Easier said than done?
( http://url.ie/f94r )
The ministry has a different view. "You have also failed to take any steps and efforts to achieve the targets of gas production envisaged in the approved AIDP and have been interested only to recover your costs. You have been instructed time and again ... to adhere to the commitments in terms of the approved AIDP. However, you have till date failed to satisfactorily respond and perform its obligations in terms of Good International Petroleum Industry Practices," it said.
From this text in the news, and knowing that it is Jaipal Reddy at the helm of the Oil Ministry, it is appearent that the government may not let them ...more