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Reliance, ONGC, and the missing unitisation agreement

Finshots Daily

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Navigating Legal Complexities in Gas Extraction

This chapter explores the legal disputes regarding gas extraction rights between Reliance Industries and ONGC, highlighting the historical agreements and absence of a unitization agreement. It examines the ethical and financial ramifications of gas ownership and the potential need for Reliance to compensate the government, stressing the importance of regulatory clarity.

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