Indian industrialist Mukesh Ambani (2nd R) walks into his office in Mumbai on April 22, 2013. The Indian government is to provide the country's richest man Mukesh Ambani, head of energy giant Reliance Industries, with full-time security from armed commandos, media reports said.
New Delhi: Reliance Industries has spud its first exploration well in more than five years on the flagging natural gas fields in KG-D6 block as it looks for new reserves to supplement falling output.
The MJ-1 exploration well on the Dhirubhai-1 and 3 gas fields in the KG-DWN-98/3 or KG-D6 block was spud in early March and is drilling ahead, said Niko Resources, the firm's minority partner in the Krishna Godavari basin block.
New Delhi: Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said that it is not planning to a do a performance audit of the company but wants to examine propriety of expenses made.
The Comptroller & Auditor General of India (CAG), which last month suspended audit of spending on the flagging KG-D6 block following differences with over scope and extend of scrutiny, said it is willing to resume the audit.
New Delhi: Iraq today shortlisted Reliance Industries and six other firms for developing its Nasiriya oilfield and the construction of an associated 300,000 barrels per day refinery.
Besides RIL, French energy giant Total, Russia's Lukoil, CNPC of China and American firm Brown Energy have been shortlisted for the project, according to Iraq's Oil Ministry. Russia's Zarubezhneft and JGC & Tonen General of Japan are the other two shortlisted from 14 companies that expressed interest in taking up the multi-billion dollar project.
An Indian vegetable vendor waits for a buyer at a 'Sabji hat' (veritable market) at Choubaga, close to Kolkata, 30 August 2007. Activists of the Forward Bloc, a senior partner in West Bengal's ruling Left Front, recently ransacked a Reliance Fresh outlet in protest against the entry of Reliance into the retail agricultural business in the state. Following recent attacks on the agri retail stores, the Indian Reliance Industries planned to go slow on the roll out of Reliance Fresh outlets in the state.
New Delhi: In a major relief to Reliance Industries, Defence Ministry has agreed to relax the No-Go zones imposed on its producing KG-D6 gas block and discovery block of NEC-25 in Bay of Bengal and permitted oil and gas activities with certain conditions.
The Ministry of Defence (MoD) had in all declared 7 blocks, including RIL's Krishna Godavari basin KG-D6 block and gas discovery area of NEC-25 in the North East Coast (NEC) region, No-Go zones for reasons like overlapping with proposed Naval base or being close to missile launching and Air Force exercise area.
