KG Basin gas to lift Reliance profit, says Ambani

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Mumbai, September 22, 2008 : Reliance Industries will start pumping natural gas from its deep-sea block early next year, putting India's most valuable firm on track to earn a quarter of its profit from oil and gas production, Mukesh Ambani said on Sunday.

He also said that this would amount to about 40 percent of the current indigenous production in the energy-starved country, which imports 70 percent of the oil it consumes.

 

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