Niko Resources Ltd NKRSF

RE:RE:Government to Appeal

[zibo]

It never seems to end.

The arbitration panel on a vote of 2 to 1 states:

With one member dissenting, the panel held that the production sharing contract for eastern offshore KG-D6 fields "does not prohibit but permits" Reliance "to produce and sell gas which migrated into the sub-sea reservoir lying within (its) Contract Area from a source outside the Contract Area".

Read more at:
//economictimes.indiatimes.com/articleshow/65228713.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

And the dissenting member states:

In his dissent note, G S Singhvi said that the PSC prohibits the Reliance and its partners from producing and selling gas which migrated into their sub-sea reservoir from Contract Area of ONGC.

Read more at:
//economictimes.indiatimes.com/articleshow/65228713.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Between India and Bangladesh it's obvious that they have absolutley no respect for International Arbitration.