Reliance buys stake in GAPCO, eyes on Kenya Refinery

Reliance Industries, India’s largest private sector company, through its wholly owned subsidiary Reliance Industries Middle East acquired a majority stake in Gulf Africa Petroleum Corporation (GAPCO).                                                             

Reliance eyes 50% stake in Kenya refinery : According to market sources Reliance Industries is also planning to acquire 50% stake in Kenya Petroleum Refineries.

50 % of Kenya Petroleum Refineries is owned by the Kenyan Government and the rest of 50% stake is owned by  Shell, BP Plc and Chevron. However, its not clearly known on whose stake is Reliance Industries is planning to acquire.