 "Reliance")
Mukesh Ambani-led Reliance industries (RIL) has posted a 30.9% decline in revenue from its oil and gas segment to Rs 5,191 crore in 2016-17, compared to Rs 7,514 crore during the same period in 2015-16, owing to lower upstream production and lower domestic gas price realisation. However, the company posted a 6.8% growth on refining and marketing segment.
For the year, domestic production (RIL share) was at 95 billion cubic feet (Bcf), down 23% compared to last year and production (RIL Share) in US Shale business was 162.5 Bcfe, down 20% on a year-on-year basis.
For the fourth quarter of
