Dec. 29 at 9:40 AM
$BP $KMI $OXY $PBR
India claims
$30 billion from Reliance Industries, BP for underproduction from gas field, sources say
The
$30 billion claim is the largest ever pursued by the Indian government against a corporation and centres on its allegation that mismanagement by the companies resulted in the loss of most of the reserves in D1 and D3, three people said.
In 2011, Reliance sold a 30% stake in 21 oil-and-gas production sharing contracts (PSCs) that Reliance operates in India, including the KG-D6 block, to BP for
$7.2 billion.
https://www.reuters.com/business/energy/india-claims-30-billion-reliance-industries-bp-underproduction-gas-field-sources-2025-12-29/