business

CCEA may mull BP picking up stake in 21, not 23 RIL blocks

When the Cabinet Committee on Economic Affairs (CCEA) meets on Thursday to discuss the USD 7.2 billion Reliance Industries-British Petroleum (RIL-BP) deal, it will consider BP picking up 30% participatory interest in 21 and not 23 of RIL's oil and gas blocks as envisaged in the transaction by the two companies.

first published: Jul 8, 2011 04:23 pm