BP and Reliance agree on mammoth India partnership

British Petroleum agrees to invest up to $20 billion in India in partnership with Reliance Industries. The deal catapults advisers Goldman Sachs and Morgan Stanley to the top of the India league tables.

British Petroleum (BP) and Reliance Industries have announced a two-pronged partnership that will see BP take a 30% stake in select Reliance oil and gas fields in India, while the two companies will also create a jointly owned sourcing and marketing company. The total outlay for BP will be up to $20 billion.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media