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Oil ministry asks GAIL to pay royalty on RIL gas price

Dec 23, 2014

Oil ministry asks GAIL to pay royalty on RIL gas price

RIL and its partners BP plc of UK and Canada's Niko Resources would pay royalty on $4.2 per million British thermal unit as is being done presently, official sources said. #Business #KG-D6 #Reliance Industries Ltd #Niko Resources #GAIL India #Gas Pool Account
RIL-Govt arbitration case: Third jugde still to accept appointment

Dec 22, 2014

RIL-Govt arbitration case: Third jugde still to accept appointment

Supreme Court appointed former Australian judge Micheal Kerby has so far not accepted becoming the presiding arbitrator in the RIL-Govt KG-D6 cost recovery dispute as Oil Ministry hasn't given its no-objection. #Reliance Industries #Oil Ministry #ONGC #KG-D6 #RIL #gas #govt #arbitrator #governement #cost recovery #arbritration
Panel submits report on new gas pricing formula

Sep 17, 2014

Panel submits report on new gas pricing formula

The increase in gas price would bring windfall for the government -- about $2.08 billion (Rs 12,900 crore) from additional profit petroleum, royalty and taxes accruing from doubling of gas rates, according to oil ministry estimates. #Economy #Reliance Industries #UPA #Election Commission #KG-D6 #PolicyWatch #Cabinet Committee on Economic Affairs #Dharmendra Pradhan #Rangarajan formula #gas pricing mechanism