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Performance Audit of Hydrocarbon Production Sharing Contracts (Ministry of Petroleum and Natural Gas)

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The Comptroller and Auditor General (CAG) today sharply criticised Reliance Industries and the Oil Ministry for violation of contract over the showpiece KG-D6 gas block and called for revamping the current profit-sharing arrangement that reduces government revenues.

The CAG faulted the Oil Ministry and its technical arm, the Directorate General of Hydrocarbons (DGH), for allowing Reliance to retain the entire 7,645 sq km KG-DWN-98/3 (KG-D6) block in the Bay of Bengal after the giant Dhirubhai-1 and 3 gas finds were made in 2001.

Click the link below to read the Executive Summary of the report:

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