RIL for pvt, public joint bidding to secure energy supplies

New Delhi: Reliance Industries today advocated public and private sector firms bidding together for oil and gas fields abroad to secure energy supplies for the country.

[caption id="attachment_1081325" align="alignright" width="380"] Reuters[/caption]

RIL Executive Director PMS Prasad said China, which has been many more times successful in acquiring energy assets, coordinates aggression among its firms to have a concerted effort.

"Public and private sector companies should collaborate for overseas acquisitions," he said at an industry conference here.

Prasad said focus countries should be Iraq, Venezuela, Mexico and Middle-East.

Back home, he advocated stable and investor friendly policy regime to help increase domestic oil and gas production.

PTI