Reliance-BP deal: Oil min seeks Home Ministry' nod - Economic Times

NEW DELHI: Petroleum Ministry has sought security clearance from Home Ministry for allowing UK's BP Plc to buy 30 per cent stake in most of the Reliance Industries' oil and gas blocks, including the giant KG-D6 off east coast.

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Upstream regulator Directorate General of Hydrocarbons (DGH) has processed application made by Reliance for transfer of its 30 per cent interest in 23 oil and gas blocks and sent its recommendation to the Oil Ministry, an official said. Upstream regulator Directorate General of Hydrocarbons (DGH) has processed application made by Reliance for transfer of its 30 per cent interest in 23 oil and gas blocks and sent its recommendation to the Oil Ministry, an official said. "DGH had sought some clarifications on the USD 7.2 billion deal which Reliance has already provided. Now, the Petroleum Ministry has approached Home Ministry for a no-objection," he said.

Reliance-BP deal: Oil min seeks Home Ministry' nod - Economic Times