1. Reliance Industries shares slightly higher after PEMEX MoU

Reliance Industries shares slightly higher after PEMEX MoU

RIL shares were trading marginally in the green at Rs 960.2 on the BSE at 12:00 pm IST.

By: | Updated: December 5, 2014 2:49 PM

Relaince Industries Limited (RIL) shares were trading marginally in the green at Rs 960.2 on the BSE at 12:00 pm IST after the company announced an MoU with the Mexican state-owned oil and gas company Petroleos Mexicanos (PEMEX).

In a release filed with the exchanges on Friday, Relaince Industries Limited (RIL) said that it will cooperate with PEMEX for assessment for potential upstream oil & gas business opportunities in Mexico and jointly evaluate value added opportunities in international markets.

It further added that the MOU envisages sharing of RIL’s pioneering expertise in deep water development and best practices in East coast of India and RIL’s experience in shale gas in United States.

Relaince Industries Limited (RIL)  will also provide technical support and share experience with PEMEX foRIL shares slightly higher after PEMEX MoUr refining value maximisation and other technical optimisation strategies.

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