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RIL to oil min: Allow capex to avoid closure of KG-D6

The oil ministry and the Directorate General of Hydrocarbons has not yet agreed to Reliance Industries' (RILs‘) $1.6 billion budget plan for FY12-13. This, has upset RIL which has communicated to the ministry that the 'do nothing case‘ may lead to closure of KG-D6 closure in 2015-16, say CNBC-TV18 sources.

first published: Oct 3, 2012 09:51 pm

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