Reliance Industries Gets Approval for USD 7.2 bln BP Deal
OREANDA-NEWS. August 10, 2011. Indian energy major Reliance Industries said on Tuesday it has received approval from the government for selling stakes in some of its oil and gas blocks to BP Plc for USD 7.2 billion. Last month,
"Reliance Industries is grateful to the Government of India for the approval... Following the approval, RIL and BP will work together to conclude the deal expeditiously," Reliance said in a statement.
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