Friday, February 25, 2011

Asia’s Richest Man Mukesh Ambani’s Reliance Industries inks $7.2 billion deal with BP

 

mukesh

Billionaire Mukesh Ambani, India’s richest resident, signing a partnership agreement between BP and his Reliance Industries, India’s most valuable company. The British oil major has agreed to pay $7.2 billion for a 30% share in 23 oil and gas blocks that Reliance operates in India, including KG-D6,  the country’s largest gas reserve. The agreement encompasses the formation of a new, equally-owned joint venture to source and market gas in India.

Tags: Asia's Richest Man, mukesh ambani, Reliance Industries

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