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RIL assures PAC on relinquishing KG-D6 exploration area to Govt this year
Mukesh Ambani-led Reliance Industries Ltd (RIL), which had been pulled up by the Comptroller and Auditor General (CAG) for retaining the entire 7,645 sq km KG-DWN-98/3 (KG-D6) block in the Bay of Bengal in alleged violation of contractual obligations, has assured a Parliamentary panel that it would relinquish the area back to the Government this year.
The assurance was given by a team of top RIL officials who today appeared before the Public Accounts Committee (PAC) led by senior BJP MP Murli Manohar Joshi. Sources close to the development told The Pioneer that the company officials were admonished by Joshi, when they tried to complain that the entire issue was more of a technical one and therefore technical experts were needed to understand it.
Joshi is learnt to have told the RIL officials that the panel consisted of senior MPs, some of whom have been former ministers and the fact that the PAC is handling a complex issue like 2G spectrum allocation, is in itself an example of its calibre, and therefore the company had no right to raise doubts about their abilities.
Earlier in a voluminous reply to a series of questions raised by PAC on the issue of RIL retaining the entire KG-D6 basin area for exploration, the Petroleum Ministry had put the entire blame on Director General Hydrocarbons (DGH) for allowing the company to do so.
Mukesh Ambani-led Reliance Industries Ltd (RIL), which had been pulled up by the Comptroller and Auditor General (CAG) for retaining the entire 7,645 sq km KG-DWN-98/3 (KG-D6) block in the Bay of Bengal in alleged violation of contractual obligations, has assured a Parliamentary panel that it would relinquish the area back to the Government this year.
The assurance was given by a team of top RIL officials who today appeared before the Public Accounts Committee (PAC) led by senior BJP MP Murli Manohar Joshi. Sources close to the development told The Pioneer that the company officials were admonished by Joshi, when they tried to complain that the entire issue was more of a technical one and therefore technical experts were needed to understand it.
Joshi is learnt to have told the RIL officials that the panel consisted of senior MPs, some of whom have been former ministers and the fact that the PAC is handling a complex issue like 2G spectrum allocation, is in itself an example of its calibre, and therefore the company had no right to raise doubts about their abilities.
Earlier in a voluminous reply to a series of questions raised by PAC on the issue of RIL retaining the entire KG-D6 basin area for exploration, the Petroleum Ministry had put the entire blame on Director General Hydrocarbons (DGH) for allowing the company to do so.
