RIL,BP chiefs seek meeting with PM on gas policy issue

This punishment is on top of $1.8 billion penalty that is already being imposed on them for the same crime.

Written by Press Trust Of India | New Delhi | Published:October 18, 2013 4:13 am

Facing multiple regulatory challenges,BP plc chief executive Bob Dudley and Reliance Industries chairman Mukesh Ambani may meet Prime Minister Manmohan Singh on Friday to seek clarity on gas policy.

Dudley’s third visit to India this year comes at a time when oil ministry,at the insistence of finance ministry,is seeking to deny his company and its partner RIL a new gas price for producing less natural gas than projected.

This punishment is on top of $1.8 billion penalty that is already being imposed on them for the same crime. Also,the DGH is seeking to strip them off eight gas discoveries holding 1.15 trillion cubic feet of reserves worth $14 billion from their eastern offshore KG-D6 block.

Sources said Dudley on his way to attend a function with Gujarat chief minister Narendra Modi at Gandhinagar over the weekend,will make a night stop here.

He and Ambani have sought meetings with Prime Minister as well as finance minister P Chidambaram on Friday. They may also use the opportunity to see oil minister M Veerappa Moily.

The duo will attend the third convocation of Pandit Deendayal Petroleum University at Gandhinagar on October 19. Modi will be the chief guest at the function,they said.

Ambani,who is the chairman of the board of governors of the university,has invited Dudley to the convocation.

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