Vedanta contract for Raj Oilfield extended till November
The government has extended Vedanta’s contract for the prolific Rajasthan oilfield by a further three months, and not by 10 years that the company has been seeking, pending settlement of a dispute over $520 million cost recovery.
The original 25-year production sharing contract for the Barmer block in Rajasthan ended in May last year and the government has since extended the contract several times by a few months. The latest extension would last until November, according to people familiar with the matter.
