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Q.

When will it start its business?
After starting business, what will be effect on its Market value?

About: Company: Reliance Petroleum Ltd.

Asked by wasijawed, 28 Aug '08 01:27 pm
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Answers (3)

1.

Mid of septemeber 2008 along with this RPL entering agreement with Iraq govt
Indias Reliance Petroleum Ltd seals $3bn Iraq deal
Indias oil firm RPL has agreed a $3bn (1.63bn) oil services contract with the government of Iraq.
The two parties renegotiated a deal to pump oil from the Ahdab oilfield, the Iraqi oil minister said.
Under the new deal, output from the oilfield will be 110,000 barrels per day, up from the 90,000 barrels forecast in the original deal.
The deal is the first major oil contract with a foreign firm since the US-led war in Iraq, reports say.
As security improves, Iraq - which has some of the biggest oil reserves in the Middle East - is trying to bring in foreign oil companies to boost crude output.
It needs billions of dollars of investment after years of war and sanctions.
Other foreign oil companies, such as CNPC, Royal Dutch Shell and Exxon Mobil, are also negotiating deals with the Iraqi government.
The Iraq government says its aim is to increas ...more
Answered by Rakesh Shah, 29 Aug '08 12:32 am

 
  
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2.

Expected to start business in last quarter, however, with soaring crude prices worldwide, it is difficult for the company to maintain its presence. Further, the reliance petroleum price is higher compare to the BPCL, HPCL, IOC and there4 should impact its margin and sales.
Answered by Abdul Mannan, 28 Aug '08 02:04 pm

 
  
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3.

It will start its business in last quarter of this year, however not much impact on market value as it has already been factored in.
Answered by manish rathi, 28 Aug '08 01:31 pm

 
  
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