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RIL completes $7.2 bn deal with BP

Last Updated: Tuesday, August 30, 2011, 17:31

Reliance Industries Tuesday announced completion of its 30 percent stake sale in 21 oil and gas blocks, including the showcase KG-D6 block, to British energy giant BP Plc for over USD 7 billion.

Reliance to close $ 7.2 bn BP deal this month

Last Updated: Sunday, August 21, 2011, 15:20

Reliance Industries Ltd (RIL) is likely to close its USD 7.2 billion deal to sell stake sale in 21 oil and gas blocks to UK's BP plc in the next 7-10 days.

RIL to pursue govt for issues holding up nod for BP deal

Last Updated: Monday, July 25, 2011, 22:15

Reliance Industries on Monday said it will pursue with the government to resolve issues that had held up approval for its stake sale in two exploration blocks to UK's BP Plc.

Cabinet fails to take up Reliance-BP deal

Last Updated: Thursday, July 21, 2011, 18:29

The Cabinet Thursday did not take up approval to UK's BP buying 30 percent stake in Reliance Industries' 23 oil and gas blocks, including the showpiece KG-D6 gas fields, for USD 7.2 billion.

Only 21 RIL blocks may get unconditional nod for stake sale

Last Updated: Sunday, July 17, 2011, 12:08

More than four months after UK's BP agreed to buy stake in 23 oil and gas blocks of Reliance Industries for USD 7.2 billion, the Government may next week give unconditional approval for stake sale in only 21 blocks.

$7.2 bn BP deal: ONGC`s loss is Reliance`s gain

Last Updated: Tuesday, February 22, 2011, 18:28

Much before the highly acclaimed USD 7.2 billion Reliance-BP deal, it was state-run ONGC that had proposed a strategic alliance with Europe`s second biggest oil firm but was rejected by the oil ministry.