Mumbai: Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks.
Reliance will be the operator of the blocks with a 96 percent participating interest while United National Resources Development Services Co. Ltd, a Myanmar company, will hold the remaining stake.
Reliance said in a statement its participation was in line with its strategy to expand its international asset base by investing in attractive oil and gas destinations.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
