CAG Slams Oil Ministry's Handling of KG Expenses

摘要

The CAG has alleged that the MoP&NG grossly mishandled the entire KG basin matter where private sector upstream major Reliance Industries and the government are at loggerheads and arbitration proceedings are being initiated by Reliance. As per a report released on 29th May, "the oil ministry and its technical arm for "losing control" over Reliance Industries and failing to check its spending which impacts government revenue in the KG-D6 field off the Andhra coast."