Continuing its attack on Petroleum Ministry, Anil Dhirubhai Ambani group (ADAG) today criticised it for its failure to attract top global players for oil and gas exploration and production due to lack of sanctity attached to concluded contracts.     

"Not even one of the top five international oil majors participated in National Exploration and Licensing Policy (NELP) rounds (bids) in the past three years. Top private foreign players such as Exxon, Shell, Chevron, Statoil, Conoco Phillips have never participated in a single NELP round," Reliance Power CEO J P Chalsani said in a statement.     

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Another Anil Ambani group firm Reliance Natural Resources (RNRL) is engaged in a bitter battle with Mukesh Ambani-led RIL over supply of gas at a committed price and the matter is scheduled to come up for hearing before the Supreme Court on September 1.     

Criticising Director General of Hydrocarbons for alleging that the ongoing RIL-RNRL battle would have a negative impact on global investment flow in India's oil and gas sector, Chalsani said the failure was due to the absence of well-defined, transparent and consistent policy regime of the Petroleum Ministry.

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