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World Business News |
Chennai News
Wednesday,
January 5, 2005 (New Delhi):
Reliance Industries has bagged a deep sea oil and gas block
in the Gulf of Oman, and is looking for oil assets in Qatar,
Iran and Saudi Arabia.
This is the second oil and gas block Reliance has acquired
outside India. The block is believed to hold crude oil and
condensate reserves.
Reliance also holds a 20 per cent stake in the exploration
Block 9 in Yemen where a significant oil discovery has
already been made.
Mukesh Ambani, chairman and managing director of Reliance,
along with his key aides Nikhil Meswani, PMS Prasad and Atul
Chandra, met up with the visiting Saudi Arabian oil minister
Ali Al Niami on Tuesday evening.
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