Oil hunt: CAG picks govt holes - Hindustan Times

Government aided RIL in gas contract, lost money: CAG government's independent auditor who enjoys constitutional status said, Cairn Energy, BG (the former British Gas) and others were lax or worse in meeting government conditions specified in production sharing contracts, resulting in huge revenue losses to the government that gets a share of the profits.

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The CAG has questioned the role of the Director General of Hydrocarbons (DGH) and the Ministry of Petroleum and Natural Gas in supervising or approving key aspects of the contract administration. The CAG has questioned the role of the Director General of Hydrocarbons (DGH) and the Ministry of Petroleum and Natural Gas in supervising or approving key aspects of the contract administration. "Contrary to the PSC, the MoPNG and the DGH facilitated the desires of the contractor (RIL)," said the CAG report in one reference.

Oil hunt: CAG picks govt holes - Hindustan Times