💨 Abstract

India's Reliance Industries has received a demand of $2.81 billion from the Petroleum and Natural Gas Ministry in a gas drilling dispute case. The dispute concerns extraction of gas in a deepwater field in India's KG D6 block. Reliance has been advised that the demand is unsustainable and is taking steps to challenge the ruling. The company does not expect any liability from this case and plans to appeal the decision in the Supreme Court.

Courtesy: theprint.in

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