RIL in Talks with Peru for Two Oil Blocks
Reliance Industries, which is set to begin production from the country’s largest gas block, is in talks with Peru for picking up stake in two oil blocks.
The contract is likely to be signed soon. The names of the blocks and the amount of stake that RIL is likely to pick up are not known. The agreement with the Peruvian company involves co-operation in exploration and production, besides forming joint ventures for setting up petrochemical plants.
RIL, is also looking to set up a refinery in Central America and is considering a bid for building a 350,000 barrels a day oil refinery in one of the Central American countries of Costa Rica, Guatemala, Honduras and Panama. RIL already operates a 660,000 barrels a day refinery at Jamnagar, Gujarat. Another 580,000 barrels a day refinery is being constructed by its subsidiary Reliance Petroleum, close to the existing refinery.
- OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex (Oct 16)
- India's Reliance Industries 2Q Profit Up 7%, Lags Estimates (Oct 13)
- India's Reliance Sells US Shale Asset for $126 Mln (Oct 06)
Company: Petroperu more info
- Company: Explosion At Petroperu Crude Oil Tank Kills Two Workers (Dec 06)
- Peru Crude Oil Pipeline Resumes Operation After Year Of Spills (Sep 26)
- Peru To Issue Up To $3B In Bonds To Finance State-Run Oil Firm (Apr 18)