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RIL seeks extension

NEW DELHI OCT. 27. Reliance Industries has sought a two-year extension of its agreement with Indian Oil Corporation to sell Jamnagar refinery products through the state-run firm's retail network.

Reliance, which now does not have a retail network of its own, sells 13.1 million tonnes of petrol, diesel, LPG and kerosene to state oil firms IOC, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.

The firm's take-or-pay contract ends on March 31, 2004.

PTI

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