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RIL-led group moves SC in KG basin dispute case
Mint New Delhi
|May 21, 2025
A consortium led by Reliance Industries Ltd (RIL) has approached the Supreme Court (SC) challenging a Delhi High Court (HC) order that overturned a $1.7 billion arbitral award in its favour in the long-running Krishna-Godavari (KG) basin gas migration dispute with state-run Oil and Natural Gas Corp. Ltd (ONGC).
The consortium, which includes British Petroleum Exploration (Alpha) Ltd—a subsidiary of oil and gas major BP Plc—and Niko (NECO), filed petitions on 14 May. Both BP and Niko have also filed separate appeals contesting the Delhi HC's ruling.
"Yes, we filed the plea against the high court ruling last week. It remains to be seen when the matter will be listed for hearing," a person familiar with the matter told Mint, requesting anonymity.
An email sent to RIL on Tuesday afternoon remained unanswered.
Dit verhaal komt uit de May 21, 2025-editie van Mint New Delhi.
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