Reliance Industries Ltd.

In a bid to trim its overseas properties, Reliance Industries has divested its 30% stake in an oil and gas block in Peru to Australia’s Woodside Petroleum and Pluspetrol of Argentina.

The company’s current international portfolio comprises of three blocks - two in Yemen and one in Peru. In addition, RIL last month won two offshore exploration blocks (M17 and M18) in Myanmar.

In May that year, the company acquired the 30% stake in Block 108 from Argentine oil and gas firm Pluspetrol, along with Woodside Petroleum, which bought 20%. Pluspetrol, which had picked up the block that lies north of the Camisea gas field in 2005, held 50%.