Nov
22

India keen to invest in Sudan’s oil projects

India and Sudan on Saturday expressed their desire to expand their cooperation in the oil and gas sector. The two countries, following a bilateral meet held today, decided to engage their oil companies in greater discussions during the International Conference Petrotech-2010.

Meeting market estimates, Reliance Industries (RIL) posted a 27.8 per cent rise in net profit during the quarter ended September 2010 on rising revenues from refining and oil and gas production. Net profit for the July-September quarter was Rs 4,923 crore, up from Rs 3,852 crore in the year-ago period.

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