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RIL plans to sell stakes in global exploration blocks

RIL owns majority stakes, from 70% to 100%, in blocks in countries including Columbia, Oman, Australia and Yemen through its wholly-owned subsidiary Reliance Exploration and Production DMCC (REP DMCC). All blocks, except one in Yemen, are exploratory and RIL is in process of doing seismic surveys. The average oil production of the Yemen block is pegged at 4,500 barrel of oil per day (BOPD). The pe   read more »

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