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BP, Reliance to invest $6 billion more in offshore gasfield

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - BP and India's Reliance Industries Ltd will invest a further 400 billion rupees ($6.2 billion) in their jointly owned KG D6 gas block off India's eastern coast, the heads of the two companies said on Thursday.BP Chief Executive Bob Dudley, appearing alongside Reliance Chairman Mukesh Ambani at a news event in New Delhi, said the new investment is expected to produce 30-35 million cubic metres of gas a day, phased over 2020 to 2022."This is an important step forward for BP in India. Working closely together, Reliance and BP are now able to develop these major deep-water ...

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First Published: Thu, June 15 2017. 18:35 IST