As India’s appetite for oil and natural gas grows at a pace few major economies can match, it is reshaping the country’s strategy to secure long-term hydrocarbon supplies. Whether it succeeds will hinge on several critical factors, writes Manish Pant. If there is one word that captures India’s ever-growing appetite for oil and natural gas,...
Tag: Reliance Industries Ltd
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Reliance Signs production sharing contracts for two (2) offshore blocks in myanmar
Mumbai / Nay Pyi Taw (Myanmar), March 31, 2015:Reliance Industries Ltd (RIL) and Myanma Oil & Gas Enterprise(MOGE), an enterprise of the Government of Myanmar, have signed production sharing contracts for two offshore blocks (M17 and M18) RIL won both the offshore blocks after its bids in Myanmar Offshore Block Bidding Round 2013 were declared successful by The Ministry of Energy (MOE) of the Republic of the Union of Myanmar.
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Reliance beats IOC in race to supply diesel to Railways
Public sector oil retailer Indian Oil Corporation has lost to Reliance Industries Ltd the contract for supplying diesel to the Indian Railways.
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RIL makes Mexico foray
Reliance Industries Ltd (RIL) has signed an agreement with Mexico´s State-owned Petroleos Mexicanos (Pemex) for investment in the exploration and refinery sectors in that country.
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RIL plans to raise Rs 10,000 cr in debt
Reliance Industries Ltd (RIL) plans to raise up to Rs 10,000 crore in debt this fiscal to part fund its $26 billion investment plan. RIL has sought shareholder nod to raise funds through non-convertible debenture in one or more tranches. RIL is expanding its existing petrochemical plants.
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Re-igniting the spark
With government taking initiative to de-bottleneck the energy sector growth and boost country´s economy, oil and gas majors are busy addressing risk factors and multitasking to integrate their business model in order to ensure future growth, says Pradeep Pandey.