RIL wins two Exploration Contracts in IRAQ
Reliance Industries Ltd has announced that it has executed two Production Sharing Contracts with the Kurdistan Regional Government (KRG) covering petroleum exploration activities in the Rovi and Sarta Blocks in the Kurdistan Region of Iraq.
Under the terms of the contract, Reliance Exploration & Production DMCC, a wholly owned subsidiary of the Company, will serve as the operator.
Mr. Atul Chandra, President of International Operations, of the Company said, “We are pleased to reach agreement with the KRG on these two PSCs. We hope and believe this will be an investment that will provide long-term benefits to all the stakeholders”.
