Indian venture buckles to govt pressure

IN WHAT is seen by industry observers as an effort to stay in the good books of the Indian government, a Reliance Industries-led consortium has agreed to pump $US4 billion into the Krishna-Godavari Basin.

Indian venture buckles to govt pressure Indian venture buckles to govt pressure Indian venture buckles to govt pressure Indian venture buckles to govt pressure Indian venture buckles to govt pressure

The consortium, which includes British oil major BP and Canada's Niko Resources, will spend the money developing the satellite fields of the D-6 block, where gas resources have been falling steeply.

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