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Friday, December 4, 2009

RIL in deal with Colombia's Ecopetrol

Energy major Reliance Industries said on Friday one of its units signed a deal with Colombian state oil firm Ecopetrol for two deepwater blocks in Colombia.

Under the deal, Ecopetrol will take a 20 percent stake in the Borojo North Block 42 and the Borojo South Block 43, which together cover an area of about 8,000 square kilometres in water depths ranging from 60-1,500 metres, Reliance said in a statement.

Reliance's unit will hold the rest of the stake in the blocks and will be their operator. The deal is subject to approval from Colombia's upstream regulator.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 11
18:00 Consumer Price Index n.s.a (MoM) 1 321.465 320.795
18:00 Consumer Price Index ex Food & Energy (YoY) 3 2.8% 2.9% 2.8%
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.1% 0.3% 0.2%
18:00 Consumer Price Index (YoY) 3 2.4% 2.5% 2.3%
18:00 Building Permits (MoM) 1 -6.6% 2.2% -5.3% Revised from -4.1%
20:00 EIA Crude Oil Stocks Change 1 0.100M -4.304M
22:30 10-Year Note Auction 1 4.342%
23:30 Monthly Budget Statement 2 $-325B $258B
Thursday, Jun 12
04:15 Electronic Card Retail Sales (YoY) 1 -0.3% -0.3%
04:15 Electronic Card Retail Sales (MoM) 1 0%
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