ONGC and the Directorate General of Hydrocarbons (DGH), the upstream oil and gas regulator, have told an official probe panel that they had no prior knowledge that the reservoirs of the state-run company and Reliance Industries in KG Basin were connected, three people aware of the development told ET.
The A P Shah committee that last year probed the allegations that Reliance Industries (RIL) was illegally drawing gas from ONGC fields had observed that the two companies appeared to have known in advance the continuity of reservoirs, and recommended the government make further inquiry into it. Read More…
Credit By: The Economic Times
Latest posts by The Economic Times (see all)
- Global corporate solar funding at $5.3 billion in first half of the year - July 16, 2018
- Railway board goes back on decentralisation - July 16, 2018
- Revamp of coal auction rules: Business-friendly reforms on cards - July 16, 2018