BP & Reliance to Negotiate European & US Assets

 BP will discuss divesting some of its assets in Europe and North America to Reliance Industries  as it seeks to enhance its partnership with one of the largest independent companies in India.

 Bob Dudley told the the company had announced $25 billion to $30 billion worth of  divestments and would continue to manage its portfolio with more asset  sales. BP had acquired a 30  percent stake in 23 oil and gas blocks in India  from Reliance earlier  this year, in a deal worth $7.2 billion. Reliance Chairman Mukesh Ambani had said this week the company's  partnership with BP would not be limited to India, but was initially  focusing only on opportunities in the country.    
 
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