British Petroleum is all set to take over 30% stake in 23 oil and gas blocks of Reliance Industries Limited. The deal would fetch Reliance Industries an aggregate of USD 7.2 billion.
The petroleum majors have entered into a 50-50 joint venture for sourcing and marketing of gas. The joint venture is also aimed to create infrastructure for gas transportation. In an interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
