Reliance and BP to invest $6 bln in India’s east coast gas production

India’s Reliance Industries and BP have agreed to invest $6 billion in boosting gas production from India’s east coast.
By Staff reporter 16 June 2017 0 26410

India’s Reliance Industries and BP have agreed to invest $6 billion in boosting gas production from India’s east coast and to increase their cooperation in meeting the country’s growing demand for energy, according to Reuters.

The companies plan to invest in the D6 block on India’s east coast with the aim of expanding gas production by 30-35 million cubic metres per day by 2020-2022.

BP has significant experience of working in India, having signed a $7.2 billion deal in 2011 to buy a 30% stake...

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