The Comptroller & Auditor General of India (CAG) Performance Audit Report on the Hydrocarbons Production Sharing Contracts (MoPNG) has. PAC rejects Reliance’s criticism of CAG’s audit process of KG Basin Block reports on the production sharing contracts — the RIL-operated KG. New Delhi: Reliance Industries has sought “suitable opportunity” to respond to a CAG report that indicts it on receiving undue favours from the oil ministry, saying .

Author: Grolkis Yolabar
Country: Puerto Rico
Language: English (Spanish)
Genre: Medical
Published (Last): 2 February 2008
Pages: 497
PDF File Size: 17.36 Mb
ePub File Size: 11.43 Mb
ISBN: 512-6-95945-409-4
Downloads: 82536
Price: Free* [*Free Regsitration Required]
Uploader: Gurg

Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Why CAG stopped putting defence reports online.

CAG report on demonetisation to be ready before Budget Session. Congress again approaches CAG over Rafale deal. Rafale will not be cancelled, kb wait for CAG report: Choose your reason below and click on the Report button.

This will alert our moderators to take action. Get instant notifications from Reljance Times Allow Not now You can switch off notifications anytime using browser settings. NIFTY 50 10, 2.

  LTM220M1 L01 PDF

Full coverage of the RIL-KG D6 basin controversy

Drag according to your convenience. Also, cost recovery for doing discovery conformity test should be looked into, it said.

It said many of the issue it had pointed out in the previous audits eeliance the block still persist. CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block, leading to instance of excess cost recovery.

A new CAG report puts a number to how much Reliance Industries owes the exchequer: $ billion

As per the Production Sharing Contract PSCan operator is allowed to recover all his cost before sharing profit with the government, a provision which CAG says encourages companies to inflate cost to delay profit sharing. CAG in its report tabled in Parliament today said RIL refused to connect to production system four wells it had drilled on the D1 and D3 gas field in KG-D6 block on the pretext that they would not produce adequate incremental volume to justify the additional capex spend.


Also, the ministry had ordered RIL to relinquish 6, Are you a Business Owner? Read more on RIL.

CAG questions govt decision to give Reliance entire KG-D6 block – Indian Express

Comptroller and Auditor General of India. My Saved Articles Sign in Sign up. Find this comment offensive?

This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin.

To see your saved stories, click on link hightlighted in bold. Fill in your details: Will be displayed Will not be displayed Will be displayed.

Related Posts