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Showing posts with label RIL. Show all posts
Showing posts with label RIL. Show all posts

Reliance Industries Limited to invest 2.33 Billion Dollars

Tuesday, November 1, 2011

Reliance Industries Limited (RIL) has planned to invest a huge sum of 2.33 Million Dollars in order to extract 1.5 Crore Cubic meter gas per day from the R-Grade gas regions located in D-6 Block near Krishna-Godavari. Sources related to this project said that, it might take 5-6 years to start the production of gas from these regions.



Dhirubhai-34 discovery is known as R-grade region and it's expected to have 1,640 cubic Feet gas. The proposal to declare the region as industrial area may be presented in front of KG-D6 monitoring committee. This type of studies are important before investing money in such projects.

KG-D6 Management committee will have a member each from Reliance, it's two partners & Director General of Hydrocarbons and Petroleum Ministry.

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