Reliance Industries Limited (ticker: RIL) and the Mexican state owned company, Petroleos Mexicanos (PEMEX) have entered into a Memorandum of Understanding (MOU) regarding cooperation on potential upstream business opportunities in Mexico and the companies will jointly evaluate value added opportunities in international markets, according to a RIL press release.

RIL and PEMEX will also share expertise and skills in the relevant areas of the oil and gas industry including deep-water oil and gas exploration and production. The MOU envisages RIL...

Tags: , ,

Legal Notice