BP, RIL to invest $5bn in KG-D6

by Paul Joseph on February 20, 2013 · 0 comments

Reliance Industries Ltd (RIL) and its European partner BP decided to invest $5 billion in the KG-D6 block to reverse the decline in gas production. RIL Chairman Mukesh Ambani and BP Chief Executive Bod Dudley revealed their investment plan in their first joint meeting with Union Petroleum Minister M. M Veerappa Moily. They said they would invest $5 billion in the block over the next 3-5 years. read more

[via Stock Watch – Stock Specific News]

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