Anil Ambani group company RNRL has now alleged that upstream oil and gas regulator V K Sibal is acting at the behest of Reliance Industries Ltd (RIL) in exchange for undue favours and sought intervention of the Supreme Court in a petition filed today.
Citing news reports and the statements by the Director General of Hydrocarbons (DGH), RNRL said: “It appears that V K Sibal has been acting at the behest of RIL and in exchange of undue favours has been doing favours to/accommodating RIL including by way of approving capital expenditure of over Rs 40,000 crore.
“It is further submitted that... Sibal... made a statement that the estimated cost per mmBtu of the gas produced by RIL at the Krishna-Godavari D6 basin is $1.28 per mmBtu.” RNRL, which is fighting RIL over supply of gas, filed a petition before the apex court, contending that the DGH, as also the oil ministry had wrongly approved the increase in capital expenditure.