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Reliance talking to global firms for stake sale in gas block

HONG KONG (MarketWatch) — India’s Reliance Industries is talking to global energy firms, including Chevron Corp. , Exxon Mobil Corp. , British Gas and Royal Dutch Shell , for a stake sale in an offshore gas field, according to a local media report. The diversified Indian conglomerate has mandated Goldman Sachs for a stake sale in its D6 block in the Krishna-Godavari basin on the country’s eastern coast, according to a Press Trust of India report published by The Economic Times. Reliance may spin off the D6 block, with estimated natural gas reserves of more than 50 trillion cubic feet, into a special purpose vehicle before a stake sale may happen, the report added.
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Original post by Forextvblog

This entry was posted on Monday, April 14th, 2008 at 10:19 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Reliance talking to global firms for stake sale in gas block”

  1. Reliance talking to global firms for stake sale in gas block Says:
    April 14th, 2008 at 11:40 pm

    […] unknown wrote an interesting post today onHere’s a quick excerptHONG KONG (MarketWatch) — India’s Reliance Industries is talking to global energy firms, including Chevron Corp. , Exxon Mobil Corp. , British Gas and Royal Dutch Shell , for a stake sale in an offshore gas field, according to a local … […]

  2. Forex » Reliance talking to global firms for stake sale in gas block Says:
    April 15th, 2008 at 12:18 am

    […] Dollar Drops, Exchange rates, Forex and US Currency Converter wrote an interesting post today onHere’s a quick excerptReliance talking to global firms for stake sale in gas block April 14th, 2008 HONG KONG (MarketWatch) — India’s Reliance Industries is talking to global energy firms, including Chevron Corp. , Exxon Mobil Corp. , British Gas and Royal Dutch Shell , for a stake sale in an offshore gas field, according to a local media report. The diversified Indian conglomerate has mandated Goldman Sachs for a stake sale in its D6 block in the Krishna-Godavari basin on the country’s eastern coast, according […]

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