Amid legal battle, ONGC takes over physical control of PMT from RIL & Shell

The government had approached the Delhi High Court seeking to block RIL's stake sale plans

Shine Jacob New Delhi
ongc, oil, oil field, natural gas, gas

With cloud over the $4.5-billion claim by the government towards profit and royalty from the Panna, Mukta and Tapti (PMT) fields, state-run Oil and Natural Gas Corporation (ONGC) has physically taken over the PMT fields from Reliance Industries (RIL) and Shell.
The government had approached the Delhi High Court seeking to block RIL’s stake sale plans.
This includes the $15-billion deal with Saudi Aramco, citing non-payment of an international arbitral award to the tune of $4.5 billion on PMT. 

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Topics : ONGC RIL

First Published: Dec 23 2019 | 1:45 PM IST

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