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Richa Mishra

New Delhi, July 22

Reliance Industries Ltd, which has got 11 overseas oil and gas assets, is in talks with state-owned Indian Oil Corporation for acquiring blocks in third countries.

This is even as RIL is working on firming up a partnership with IndianOil for mid-stream activities, that is, gas pipeline projects.

RIL currently has two blocks in Iraq, three in Yemen, one in Australia, one in East Timor, and two each in Oman and Columbia.

The company is in talks for in-farm activities for two blocks in Peru. RIL has got these assets either through consortium approach or going by itself.

As regards a possible collaboration with ONGC Videsh Ltd, the overseas arm of ONGC, sources said, the issue is still open.

More Stories on : Petroleum | Overseas Investments | Reliance Industries Ltd

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