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Reliance to supply 40% of India's gas, oil!

September 22, 2008

In monetary terms, it is Rs 86,000 crore (Rs 860 billion) a year, Ambani said, adding the D6 block in the KG basin will transform the country's energy landscape.

Speaking at the sprawling Reliance Corporate Park in Navi Mumbai, Ambani termed the start of oil production at the D6 basin three days ago as a historic occasion not only for the company but for the entire country. The initial production from the block was 5,000 boed.

Image: Engineers from China Petroleum Pipeline Material and Equipment Corporation weld carbon steel pipes as part of a gas pipeline for Reliance Industries Ltd at Medak, 175 km from Hyderabad. | Photograph: Noah Seelam/AFP/Getty Images

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