Inside RIL-BP

Oil majors need a good “story” for us to believe that theirfuture is bright. No one understands this better than BP, the British oil major. A$7.8-billion share swapjust last month with Rosneft in Russia, described as ``historic” by BP chief executive Bob Dudley, has been followed up with a ``landmark’’ $7.2-billion plan for 30 per cent of MukeshAmbani’s23 oil and gas blocks. Another $1.8 billion is linked to future exploration successes.

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