Oil min approves RIL's plan to raise KG-D6 production

October 24, 2012 17:09

After months of intense stand-off, the oil ministry has given its nod to Reliance Industries' plans to raise natural gas output from the flagging KG-D6 and agreed that CAG cannot do a performance audit of the company.

The ministry on Tuesday sent a letter to RIL stating that "all the government nominees" on the KG-D6 block oversight committee have "already approved" all the development proposals made by RIL, sources said.

Also, it relented and agreed to the RIL's stand that an audit by the Comptroller and Auditor General of India of its spending on KG-D6 block has to be a financial audit and not a performance audit.

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