IOC
Reliance Industries plans 5000 outlets to retail fuel
Reliance Industries (RIL) intends to increase the competition in the fuel retailing space by opening around 5,000 outlets.
The country’s largest private sector oil and gas operator would initially start the 750 fuel stations, which were closed due to uncompetitive fuel rates compared with the public sector fuel stations. The company plans to eventually increase the [...]
Reliance Industries in demand
State-owned Oil and Natural Gas Corp (ONGC) may have won a large oil block in Venezuela but the Petroleum Ministry wants Reliance Industries to join the project to give stability to the venture.
ONGC Videsh Ltd, the overseas investment arm of the state-run explorer, and Reliance had in 2008 teamed up to bid for the Venezuela’s [...]
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