The $7.2B deal between BP (BP -1.7%) and India's Reliance Industries moves closer to final...

|About: BP p.l.c. (BP)|By:, SA News Editor

The $7.2B deal between BP (BP -1.7%) and India's Reliance Industries moves closer to final approval from India' cabinet, government sources say. The acquisition of a 30% stake in Reliance's 23 oil and gas blocks in India has been pending government approval since February. BP shares follow crude oil lower.