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  • Reliance signs MOU with Petroleos Mexicanos (PEMEX)
    édité le 08/12/2014 - Plus de news de "Reliance" - Voir la fiche entreprise de "Reliance"


Reliance signs MOU with Petroleos Mexicanos (PEMEX)
Reliance Industries Limited (RIL) and the Mexican state owned company, Petroleos 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 including for deep-water oil and gas exploration and production.

The MOU envisages sharing of RIL’s pioneering expertise in deepwater development & best practices in East Coast of India and RIL’s experience in shale gas in United States.

RIL will also provide technical support and share experience with PEMEX for refining value maximisation and other technical optimization strategies.

RIL and PEMEX will also collaborate to exchange experiences on environmental and
social responsibility front.

The signing of the MOU marks further strengthening of the long standing relationship between RIL and PEMEX.

RIL’s cooperation with PEMEX is in line with its growth strategy to explore opportunities to expand its international asset base in regimes having internationally attractive competitive terms. The company hopes to leverage its organizational capabilities and expertise to create long term value for Exploration and Production Business and for RIL on the whole.

About RIL

Reliance Industries Limited (RIL) is India’s largest private sector company, with a consolidated turnover of ` 4,46,339 crore (US$ 74.5 billion), cash profit of ` 33,980 crore (US$ 5.7 billion) and net profit of ` 22,493 crore (US$ 3.8 billion) for the year ended March 31, 2014.
RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ and continues to be featured for the 11th consecutive year, currently ranking 114th in terms of revenues and 155th in terms of profits. RIL ranks 194th in the Financial Times’ FT Global 500 2014 list of the world’s largest companies. As per Newsweek’s Green Rankings 2014, RIL is India’s greenest and most environment-friendly company, ranking 185th among the world’s largest 500 companies.

About Pemex

Pemex, Mexico's state oil company, is engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives. Its products include petrochemicals, natural gas, liquid gas, sulphur, gasoline, kerosene and diesel. Pemex operates 344 production fields, 6,382 production wells, 225 off-shore platforms, 6 refineries, 8 petrochemical complexes, 7,896 km of gas pipeline, 4,548 km of oil pipeline, and 19 LPG distribution terminals.


Origine : Communiqué Reliance

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