Cairn India to supply crude oil to Reliance Ind
MUMBAI, Nov 4 (Reuters) - Cairn India (CAIL.BO: Quote, Profile, Research), a unit of UK firm Cairn Energy (CNE.L: Quote, Profile, Research), said on Wednesday it had reached a deal to supply crude oil from its field in western India to leading conglomerate Reliance Industries (RELI.BO: Quote, Profile, Research).
Cairn will deliver the oil, from its Mangala field in the state of Rajasthan, to Reliance's refinery in Jamnagar in the western state of Gujarat.
Financial details were not disclosed. (Reporting by Pratish Narayanan; Editing by John Mair)
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow










