Reliance Industries Ltd.

Reliance Industries (RIL) has withdrawn from the last oil block it held in Peru. With this, the company has trimmed its overseas assets to just two properties in Myanmar. The company held 10% interest in the block. Anglo-French oil and gas company Perenco held 55% stake in the block while PetroVietnam of Vietnam held the remaining 35%.

The company now is left with just two exploration blocks in Myanmar -- M17 and M18. It holds 96% stake in each of the two blocks with the remaining 4% being held by a local company.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.