Reliance partners to join arbitration in $1.55 bn gas row
Mukesh Ambani-led Reliance Industries’ partners are considering joining the arbitration that it is planning to initiate against the government's $1.55 billion penalty for producing natural gas belonging to state-run ONGC. Canada-based Niko Resources said the partners believe they are “not liable for the amount claimed," while UK-based BP said the action was not in line with global practices. 