Krishna Godavari Basin Current Affairs, GK & News
The tussle b/w Reliance Industries and the petroleum ministry over the future of India’s significant gas acreage reached to a full blown confrontation. Reliance and its partner BP have indicated the shutdown of the country’s biggest gas discovery- KG-D6 in 2015 if the government did not approve its long-pending investment proposals and revised capital expenditure ..
Month: Current Affairs - July, 2012
The Petroleum Ministry disallowed the RIL’s (Reliance Industries Ltd) $1.24 billion cost recovery from its investment in the KG-D6 field, in the Krishna-Godavari (KG) basin. RIL has already taken the government to the Supreme Court over its inability to nominate an arbitrator over the issue of cost-recovery. Why Govt’s Notice to RIL? A Notice was ..
Month: Current Affairs - May, 2012
Topics: BSE SENSEX • CNX Nifty • Companies • Directorate General of Hydrocarbons • Economy of India • Energy in India • Geography of Andhra Pradesh • Krishna Godavari Basin • Natural gas in India • Niko Resources • Production sharing agreement • Reliance Industries Limited