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    BP, India’s Reliance agree to $7.2B oil tie-up

    Investing News Network
    Feb. 21, 2011 01:14PM PST
    Resource Investing

    Vancouver Sun reports that BP has signed an agreement India’s Reliance Industries.

    Vancouver Sun reports that BP has signed an agreement India’s Reliance Industries.

    The market news is quoted as saying:

    Under the terms of the deal, BP will take a 30 percent stake in 23 oil and gas blocks and form a 50:50 joint venture between the two companies for the sourcing and marketing of gas, the companies said in a statement on Monday.

    Click here to access the entire news

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