Govt Claims $30 Billion From Reliance, BP in KG-D6 Arbitration

The Government of India has sought compensation exceeding $30 billion from Reliance Industries Ltd and its partner BP in an ongoing arbitration related to alleged underproduction from the D1 and D3 gas fields in the Krishna Godavari basin. The claim was made during submissions before a three-member arbitration tribunal, according to a Business Standard report. … Continue reading Govt Claims $30 Billion From Reliance, BP in KG-D6 Arbitration