Exploration & Production

India’s petroleum ministry criticised

India’s Comptroller and Auditor General (CAG) has criticised the country’s petroleum ministry for allegedly showing undue favour to private companies including Reliance Industries and Cairn Energy, local newspaper Business Standard said today.
By James Batty 16 June 2011 0 149

India’s Comptroller and Auditor General (CAG) has criticised the country’s petroleum ministry for allegedly showing undue favour to private companies including Reliance Industries and Cairn Energy, local newspaper Business Standard said today.

The newspaper quotes from an interim report sent by the CAG’s office to the petroleum ministry in the past week. The report cites concerns about the treatment of Reliance’s KG-D6 block in the Krishna-Godavari basin, Cairn’s Barmer field and a joint venture of Reliance, BG Group and Oil and Natural Gas Corp. (ONGC) on the Panna-Mukta...