19 April 2024
BP deal adds further financial force to Reliance growth push
Publication date: 18 October 2011
Gas Strategies Group
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Indian conglomerate Reliance Industries is eyeing further acquisition opportunities, backed by a $1visual_editor.6 billion cash pile swelled by its $7.visual_editor billion gas joint venture with BP. Reliance is seeking “further business growth” in international unconventional gas projects to boost output, and is looking to BP to help stem steep production decline from the key Indian KG-D6 field.