Reliance, Shell Contest India's Assessment of Dues

摘要

Reliance Industries and Royal Dutch Shell are contesting a demand from India's government for $3.9 billion, which the government says it is owed as part of its share of revenues from fields the companies relinquished over the weekend. The case underlines the government's unpredictable application of laws and regulations governing the oil and gas industry and could hurt India's reputation at a time when it needs to boost foreign investment to meet growing demand for energy as a result of the country's expanding population and economy.