Arbitration award issue | Cairn Energy hopeful of acceptable

Arbitration award issue | Cairn Energy hopeful of acceptable solution


Arbitration award issue | Cairn Energy hopeful of acceptable solution
Updated:
Updated:
February 21, 2021 13:31 IST
"We remain hopeful that an acceptable solution can be found, in order to avoid further prolonging and exacerbating this negative issue for all parties,” said a company official
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A file photo of Cairn India employees working at a storage facility for crude oil at Mangala oil field at Barmer, Rajasthan.
  | Photo Credit:
Reuters
"We remain hopeful that an acceptable solution can be found, in order to avoid further prolonging and exacerbating this negative issue for all parties,” said a company official
Days after Cairn Energy CEO Simon Thomson met top Finance Ministry official on the tax arbitration award enforcement, company officials said a number of proposals were discussed with the government to find a ‘mutually acceptable’ swift resolution, and the company would look at investing more in India to reduce its dependency on energy imports if such a resolution occurs.

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