KG-D6 issue: Niko serves arbitration notice to RIL and BP
Niko’s share of the funding requirement for the development of these projects is estimated at $200 million
Niko has a 10% stake in the KG-D6 block. RIL owns 60%, while BP owns a 30% stake
Mumbai: Canada-based Niko Resources Plc has served a notice of arbitration to Reliance Industries Ltd (RIL) and BP Plc, its partners in the D6 block in the Krishna-Godavari basin.