India's Reliance inks shale gas JV with Carrizo

India’s largest private sector company Reliance Industries continues on its US acquisition spree by spending $392 million on a shale gas joint venture with Carrizo.

Sameera Anand

August 09, 2010

Mukesh Ambani’s flagship company Reliance Industries has further consolidated its presence in the shale gas industry in the US by paying $392 million for a 60% stake in a joint venture with Carrizo Oil & Gas. The announcement marks the third gas deal by Reliance since April.

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