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$600 million at stake as govt resurrects old dispute with oil biggies

$600 million at stake as govt resurrects old dispute with oil biggies

Thursday, February 13, 2020, 8:52 PM

The government is considering referring to a panel of experts an old-dispute with Reliance-Industries, ONGC and half a dozen other oil-firms over how much penalty explorers must pay for unfinished minimum-work-programme in blocks awarded in previous exploration-rounds. The government has claimed about $600-million in penalty from companies, including $380-million from Reliance and little more than $100-million from ONGC, people aware of the matter said.
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