Reliance Industries has signed a Memorandum of Understanding (MOU) with Petroleos Mexicanos (PEMEX), Mexican state owned company, for assessment of potential upstream oil and gas business opportunities in Mexico and jointly evaluate value added opportunities in international markets.
Further, both the companies will also share expertise and skills in the relevant areas of oil and gas industry including for deep-water oil and gas exploration and production.
Meanwhile, Reliance Industries will also provide technical support and share experience with PEMEX for refining value maximisation and other technical optimization strategies.
Reliance Industries is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.
