Reliance Industries BP marriage
RIL announces closure of the $7.2 billion deal and commencement of its strategic alliance with BP.
1. June 2008
Reliance Industries and British oil major BP Plc jointly bid for two deepwater exploration blocks in India.
2. July 2010
BP agrees to sell its onshore oil and gas fields in North America and Egypt to Apache Corp for $7.2 billion
3. February 2011
BP agrees to buy a 30 per cent stake in 23 of RIL's oil and gas blocks for $7.2 billion.
4. July 2011
The Cabinet Committee on Economic Affairs clears the sale of RIL stake in only 21 blocks.
5. August 2011
RIL announces closure of the $7.2 billion deal and commencement of its strategic alliance with BP.
-Anamika Butalia
Reliance Industries and British oil major BP Plc jointly bid for two deepwater exploration blocks in India.
2. July 2010
BP agrees to sell its onshore oil and gas fields in North America and Egypt to Apache Corp for $7.2 billion
3. February 2011
BP agrees to buy a 30 per cent stake in 23 of RIL's oil and gas blocks for $7.2 billion.
4. July 2011
The Cabinet Committee on Economic Affairs clears the sale of RIL stake in only 21 blocks.
5. August 2011
RIL announces closure of the $7.2 billion deal and commencement of its strategic alliance with BP.
-Anamika Butalia
