 "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.
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