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India's Reliance hit with US$1.25b fine (for production drop)
Attempting to litigate geology?
MUMBAI: India's government has asked energy giant Reliance Industries to pay a US$1.25 billion penalty for a fall in gas production from its main oil fields, a company executive said on Friday.
The government and investors have been concerned for months over Reliance's declining gas output from its main D6 fields in the Krishna-Godavari basin off the coast of eastern India.
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1199260/1/.html
The government and investors have been concerned for months over Reliance's declining gas output from its main D6 fields in the Krishna-Godavari basin off the coast of eastern India.
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1199260/1/.html
1 replies
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