Reliance BP deal

Reliance BP deal is very positive indicator for the market, it has certainly kept the market sentiment upward, BP will buy a 30% stake in RIL oil and the D-6 block for 7.2 billion dollar, this deal will help both the companies in the supply of natural gas as well as trade and marketing.

If you see in the long term it will give value addition to reliance stake holders as well as this deal iswroth 20 billion dollar in foreign investment to India.



Key benefits : Bp’s expertise in the field of oil exploration will help reliance to maximise its output. D-6 block is the largest oil discovery in the year 1996

By Dipti Prasad Padhi

By : | Category : Business and Economy| Date : November 08,2011

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