CBI wants Oil Min to appoint expert to help in Reliance case

New Delhi: The CBI may ask Oil Ministry to appoint an expert to assist it in understanding transactions surrounding Reliance Industries` crown jewel KG-D6 fields, where the company has shown a phenomenal increase in cost of producing gas. The Central Bureau of Investigation wants to understand the arguments offered by Mukesh Ambani`s firm when it […]

New Delhi: The CBI may ask Oil Ministry to appoint an expert to assist it in understanding transactions surrounding Reliance Industries` crown jewel KG-D6 fields, where the company has shown a phenomenal increase in cost of producing gas.

The Central Bureau of Investigation wants to understand the arguments offered by Mukesh Ambani`s firm when it raised the cost of developing Dhirubhai 1 and 3 gas fields in the KG-D6 block from USD 2.39 billion proposed in 2004 to USD 5.196 billion in Phase-1 and another USD 3.3 billion in Phase-II.