Reliance's US$700 mln investment in shale gas, US$ 13 bln capex in petrochem and refining

21-Apr-14

Reliance Industries will invest up to US$700 mln in its shale gas venture in the current fiscal and also ramp up spends under the US$13 bln capex programme in the petrochemical and refining business, as per PTI. "We will invest USD 600-700 million in the shale gas venture. This figure has almost become into a yearly run rate now...We hope to open around 125 to 175 new wells during the year," RIL Chief Financial Officer Alok Agarwal said.