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Reliance to supply 40% of India's gas, oil!
September 22, 2008
"From nowhere in 2002 as far as oil production is concerned, we are now set to be among the top 20 integrated energy companies in the world. In fact, RIL will be one of the world's largest deep-water oil well developers," a beaming Ambani said, as his wife Nita Ambani, who was sitting next to him, nodded.
"Around 40 years after Bombay High was discovered, this is India's major victory in the battle for energy security. RIL has managed to produce oil in two years - a time other companies would take just to map out their exploration nitty-gritty," Ambani said, looking appreciatively at his top team led by PMS Prasad, president & CEO (oil & gas).
Image: Indian workers participate in an oil spill control exercise off Sikka Port in the Gulf of Kutch. The exercise was part of a National Oil Spill Disaster Contingency Plan jointly orgainsed by Reliance Industries Limited, the Indian Oil Corporation, Essar Oil Limited, Mundra Adani Port and Bedi Port and the Indian Coast Guard. | Photograph: Sam Panthaky/AFP/Getty Images
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