Reliance Industries signs a joint study agreement with Petroleos de venezuela, SA

Oct 11, 2013, 09.18 AM IST

Reliance Industries (RIL) and the Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA) have signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt. As per the study agreement, both the parties will jointly evaluate the development plan for Ayacucho 8.

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Reliance Industries signs a joint study agreement with Petroleos de venezuela, SA

Reliance Industries (RIL) and the Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA) have signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt. As per the study agreement, both the parties will jointly evaluate the development plan for Ayacucho 8.

Like this story, share it with millions of investors on M3

Reliance Industries signs a joint study agreement with Petroleos de venezuela, SA

Reliance Industries (RIL) and the Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA) have signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt. As per the study agreement, both the parties will jointly evaluate the development plan for Ayacucho 8.

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Reliance Industries Ltd has informed BSE regarding a Press Release dated October 10, 2013, titled "Reliance Industries signs a Joint Study Agreement with Petroleos De Venezuela, SA (PdVSA) for AYACUCHO Block 8 in Orinoco Oil Belt and extends MoU for continued cooperation". Reliance Industries (RIL) and the Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA) have signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt. As per the study agreement, both the parties will jointly evaluate the development plan for Ayacucho 8. RIL and PdVSA have also extended the term of the MOU signed between the parties last year by one year for continued cooperation. The signing of the Joint Study Agreement for Ayacucho Block 8 and the extension of MOU marks further strengthening of the long standing relationship between RIL and PdVSA as well as between India and Venezuela.Source : BSE

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