Cairn-ONGC In Royalty Tussle
  • Elizabeth George
  • Sep 10 2013

September 10: The war of words between ONGC, India’s largest explorer, and its partner Cairn India revolves around a royalty payment dispute over Rajasthan's Barmer oilfields. Cairn, which pays an annual royalty of Rs.5,400, seeks to boost production at the Barmer oilfields, however, ONGC claims Cairn is not open about the Barmer block and says it is unreasonable to demand a minimized role. Bloomberg TV India brings you the details on this story.