BP PLC (BP.LN) Monday said it will take will take a 30% stake in 23 oil and gas production contracts operated by Reliance Industries Limited (500325.BY) for $7.2 billion, as part of a new partnership between the two companies.
BP PLC (BP.LN) Monday said it will take will take a 30% stake in 23 oil
and gas production contracts operated by Reliance Industries Limited
(500325.BY) for $7.2 billion, as part of a new partnership between the two
companies.
BP could also pay future performance payments of up to $1.8 billion depending
on the development of commercial discoveries from exploration. The total
payments could amount to $20 billion.
The 50:50 joint venture for the sourcing and marketing of gas in
India
also
aims to accelerate the development of infrastructure for receiving,
transporting and marketing of natural gas in
India
.
"
India
is
one of the fastest growing economies in the world. By allying ourselves with
Reliance, we will access the most prolific gas basin in
India
and
secure a place in the fast growing Indian gas markets, creating a genuinely
distinctive BP position," said BP Chief Executive Bob Dudley.
At 1130 GMT, BP shares were up 1 penny or 0.10% at GBP494 pence.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr
Διαβάστε ακόμα
Πεμ, 30 Οκτωβρίου 2025 - 10:19
Πεμ, 30 Οκτωβρίου 2025 - 10:18
Τετ, 29 Οκτωβρίου 2025 - 08:25
Τετ, 29 Οκτωβρίου 2025 - 08:20
Δευ, 27 Οκτωβρίου 2025 - 09:12