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Февраль
2024

Reliance Industries fights back govt's $5 billion recovery claim

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Salve further argued that it is only after all these issues, including RIL's and BG's contractual Cost Recovery Limit (CRL) increase claim, are finally decided that the arbitration will proceed to the final quantification stage where the contractor's entitlement to Cost Petroleum and the parties' respective shares of Profit Petroleum will be recomputed based on the tribunal's declaratory findings on all issues across various FPAs. However, the RIL's claim for a CRL increase is yet to be resolved.



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