For cooperation in exploration of opportunities in oil & gas business in international markets
Reliance Industries (RIL) announced that the Company and the Mexican state owned company, Petroleous Mexicanos (PEMEX) have entered into a Memorandum of Understanding (MoU).As per the MoU, RIL will cooperate with PEMEX for assessment of potential upstream oil and gas business opportunities in Mexico and jointly evaluate value added opportunities in international markets.
RIL and PEMEX will also share expertise and skills in the relevant areas of oil and gas industry for deep water oil and gas exploration and production.
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