Reliance acquires GAPCO
Reliance is good at finding oil, refining it and making petrochemicals. But it hasn't succeeded in the marketing business at home. So its decided to go overseas to sell oil by buying out Mauritius headquartered Gulf African Petroleum Corp GAPCO. The GAPCO acquisition will give RIL access to the African market and it might be an outlet to sell oil from the new refinery coming up at Jamnagar.
