BP goes offshore in India
Created:
23 February 2011
Written by:
Mark Robinson
If further confirmation were needed that BP is intent on securing a leading strategic position in the world's emerging markets, it was provided by news that the UK energy giant has agreed to pay $7.2bn (£4.44bn) to Reliance Industries for a 30 per cent stake in 23 unexplored deepwater oil and gas fields off the coast of India.
With 2009 revenues of $44bn,
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