Referring to the present Indian government's Common Minimum Program of securing India's energy supply, an RIL official said, 'The major objective is to augment the energy security of India'.
In addition to Oman, RIL has a 25% stake in an exploration block in Yemen, which has discovered oil. Oman, Yemen and other Middle East counties have multifaceted strategic advantages for Indian oil companies, with strong and friendly diplomatic ties, existing commercial interests and a significant Indian Diaspora.
RIL's Block-18 is off the Batinah coast in the Gulf of Oman and spreads over 18,000 sq km. (shallow and deepwater, up to 1000m water depth). RIL will be the operator of the Block with 100% of the working interest.
By establishing its presence in Oman and with a number of overseas projects on the anvil, RIL is active across the petroleum value chain in upstream, refining and retailing.
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