RIL, along with its partner British Petroleum, plans to invest about Rs 800 crore to carry out exploratory drilling in an offshore block in the Bay of Bengal.
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Foreign firms eye O&G projects
British Gas and British Petroleum are interested to set up oil refineries and LNG terminals in India. Recently, government has allowed 100 per cent FDI in oil refineries through the automatic route and this removes the
Foreign firms eye refinery, LNG projects in India
According to media reports, British Gas and British Petroleum are interested to set up oil refineries and LNG terminals in India. It may be noted that recently, government allowed 100 per cent FDI in oil refineries throÂugh the automatic rouÂte and this removes the need for a foreign company to tie-up w