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

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