New Delhi: Anil Ambani group firm RNRL on Tuesday alleged that upstream oil and gas regulator V K Sibal was acting at the behest of Reliance Industries in exchange for undue favours and sought intervention of the Supreme Court.
Citing news reports and the statements by the Director
General of Hydrocarbons, RNRL said: "It appears that V K
Sibal... 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 USD 1.28
per mmBtu."
RNRL, which is fighting RIL over supply of gas, filed a
petition before the apex court contending that the Director
General of Hydrocarbons as also the Oil Ministry had wrongly
approved the increase in capital expenditure.
The Anil Ambani group firm prayed that the apex court
should pass orders that it may deem fit.
Sibal has separately denied taking favours from RIL and
maintained that "DGH does not approve any expenditure. We only
approve development plan for a field with a view to look at
its economic viability."
Bureau Report
First Published: Tuesday, October 06, 2009, 19:07