The oil ministry has also finalized another cabinet note to disallow
increased price of gas, produced from RIL's old fields in the D6 block,
provided it is proved that the operator has "willfully and deliberately"
done so, officials said. Cabinet's intervention is now required because
both RIL and DGH are firmly refusing to budge from their stated
positions, blaming each other for the deadlock.NEW DELHI: The oil ministry will seek cabinet approval for a general amnesty scheme for oil and gas field operators, which will allow Reliance IndustriesBSE -1.28 %
to retain fields worth $10 billion, which regulatory authorities want
it to surrender saying the contractor did not meet deadlines.
Apart from Reliance, several other companies are involved in disputes and are unable to develop proven oil and gas fields because the directorate general of hydrocarbons (DGH) is reluctant to take a decision on issues that are not clearly articulated in the contracts.
The oil ministry has also finalized another cabinet note to disallow increased price of gas, produced from RIL's old fields in the D6 block, provided it is proved that the operator has "willfully and deliberately" done so, officials said. Cabinet's intervention is now required because both RIL and DGH are firmly refusing to budge from their stated positions, blaming each other for the deadlock. The oil ministry has also finalized another cabinet note to disallow increased price of gas, produced from RIL's old fields in the D6 block, provided it is proved that the operator has "willfully and deliberately" done so, officials said. Cabinet's intervention is now required because both RIL and DGH are firmly refusing to budge from their stated positions, blaming each other for the deadlock.
MUNTAZIR ALAM
PGDM 1ST
Apart from Reliance, several other companies are involved in disputes and are unable to develop proven oil and gas fields because the directorate general of hydrocarbons (DGH) is reluctant to take a decision on issues that are not clearly articulated in the contracts.
The oil ministry has also finalized another cabinet note to disallow increased price of gas, produced from RIL's old fields in the D6 block, provided it is proved that the operator has "willfully and deliberately" done so, officials said. Cabinet's intervention is now required because both RIL and DGH are firmly refusing to budge from their stated positions, blaming each other for the deadlock. The oil ministry has also finalized another cabinet note to disallow increased price of gas, produced from RIL's old fields in the D6 block, provided it is proved that the operator has "willfully and deliberately" done so, officials said. Cabinet's intervention is now required because both RIL and DGH are firmly refusing to budge from their stated positions, blaming each other for the deadlock.
MUNTAZIR ALAM
PGDM 1ST
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