Summit Notebook

Exclusive outtakes from industry leaders

Audio – Reliance may make world-scale buy in energy sector

December 5, 2007

atul-chandra-2.jpgReliance Industries Ltd.’s Atul Chandra, president of the firm’s international oil business, says it would think big if it went shopping abroad. Chandra, who leads Reliance’s hunt for oil and gas business, told the Reuters India Investment Summit the country’s biggest listed firm has plenty of financial muscle if it wants to make an overseas acquisition.

Reliance Industries, which has a market cap of more than $100 billion, owns the world’s third largest refinery and hopes eventually to produce about 300,000 barrels per day of oil overseas.

 

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