RIL, Peru firm join hands for oil exploration

Press Trust Of India / Lima July 09, 2008, 0:12 IST Reliance Industries (RIL) has signed an agreement with Peru's Perupetro to jointly explore for oil and gas in the Andean country,Cesar Gutirrez ,president of Peru's state-run firm, said. "We'll be formalising the agreements reached in these past weeks. Also, in the coming days we will provide details of the joint exploration venture which focusses on areas that hold oil and gas potential," Cesar Gutierrez told Peru's official Andina news agency yesterday.