Reliance wins arbitration against government's $1.7 bn claim
An international arbitration tribunal rejected the government's claim of $1.7 billion from Reliance Industries and its partners for allegedly siphoning gas from ONGC's fields in the Krishna-Godavari basin. The tribunal also awarded costs of $8.3 million to be paid by the government to the consortium, also comprising BP and Niko Resources. The government had raised the demand in November 2016.