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

- February 21st, 2011

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.

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