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Oil & Gas

Approval for Reliance to sell assets to BP

Indian energy firm Reliance Industries said yesterday it had received government approval to sell stakes in some of its oil and gas interests to BP for £4.4billion.
By Energy Reporter
10/08/2011, 7:35 am
Approval for Reliance to sell assets to BP
Indian energy firm Reliance Industries said yesterday it had received government approval to sell stakes in some of its oil and gas interests to BP for £4.4billion.

Indian energy firm Reliance Industries said yesterday it had received government approval to sell stakes in some of its oil and gas interests to BP for £4.4billion.

BP will buy a 30% stake in 21 oil and gas blocks in one of the largest investments in India’s oil and gas sector.

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