UK oil company BP and India's Reliance Industries have announced a "transformational" strategic oil and gas partnership in India.
The UK firm will pay $7.2bn to get 30% stake in 23 oil and gas blocks owned by Reliance.
"This has huge significance for India's economic development," said Reliance's Mukesh Ambani. According to him, BP's investment would constitute the single largest foreign direct investment in India's history.
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Fine below the press release of this deal.
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