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Cairn moves HC for contract renewal

Cairn moves HC for contract renewal
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Cairn India has approached the Delhi High Court seeking early government decisions on renewing its production sharing contract (PSC) for its prolific Rajasthan block and a fair price for its output.

Cairn India, which controls about a quarter of the country´s oil production, has been seeking an early renewal of the PSC for another ten years after the contract term for Barmer field expires in 2020.

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