BP to buy $7.2bn stake in India oil firms

Trade Arabia Saturday 23rd July, 2011

Britain's BP will acquire a major stake worth up $7.2 billion in two dozen of oil and gas blocks owned by India's Reliance Industries after Indian government gave its green signal for the deal. Under the agreement, announced in February, BP will buy a 30 per cent stake in 23 of Reliance's oil and gas blocks, including India's largest g...

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