ONGC confirms govt slapping it, RIL with $3.9 bn demand

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAoVaWO.img?h=100&w=100&m=6&q=60&o=f&l=fThe government has slapped ONGC, Reliance Industries and Royal Dutch Shell with a demand of USD 3.9 billion (about Rs 25,487 crore) in dues following an arbitration award in its favour, the state-owned firm said today. The demand **tice pertains to interpretation of the contract for the Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea. "The directorate general of hydrocarbons (DGH), vide letter dated May 25, 2017, marked to all ...

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