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INDIA PM'S OFFICE SEEKS OILMIN COMMENTS ON ANIL AMBANI'S CHARGES

Posted on: Thu, 23 Jul 2009 04:59:00 EDT

Symbols: RLNIY

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NEW DELHI, Jul 22, 2009 (AsiaPulse via COMTEX) --
RLNIY | Quote | Chart | News | PowerRating -- The Prime Minister's office
is believed to have asked for urgent comments from the Indian
Petroleum Ministry, which has been accused by industrialist
Anil Ambani of siding with Mukesh-led Reliance Industries
Limited (RIL)(BSE:500325) in an ongoing gas dispute.

Forwarding a letter written to Prime Minister Manmohan
Singh, wherein the younger Ambani had sought a direction to the
Ministry of Petroleum and Natural Gas "to cease from overtly
and covertly attempting to intervene in our commercial dispute
with RIL," the PMO asked the ministry to examine the matter and
submit their comments urgently.

Anil Ambani had said: "We have recently seen a spate of
unfortunate public utterances with unusual frequency, by
various functionaries in the Petroleum Ministry to the print
and electronic media in a manner not witnessed in any other
part of the government that too on a matter that is sub- judice
in the Supreme Court."

Ambani's letter was first reported two days after the
government filed a special leave petition challenging the
Bombay High Court decision, which directed RIL to supply gas to
Anil group firm Reliance Natural Resources Limited
(RNRL)(BSE:532709) at US$2.34 per mmBtu, and also seeking a
direction to declare as "null and void" an MoU between the two
groups that provides for gas supply.

The Supreme Court will hear on September one admissibility
of the petition, along with the cross petitions filed by the
two brothers challenging the High Court decision. RIL said it
cannot supply gas without the government's nod, while RNRL
wants immediate implementation of the order.

(PTI) rw

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