BS reported that Reliance Industries is in talks with state run oil refining companies to sell its crude oil to be produced from MA field in its prolific D6 Block in offshore Krishna Godavari Basin.

A senior executive at RIL said that "Talks are on with all the PSU refiners for selling the MA field crude. We have sought price quotes for the crude."

The RIL executive said that it hopes to finalize crude off take from the field by the end of June 2008. He added that the KG Basin crude is of good quality, but is unlikely to be used at its own 33 million tonne a year refinery in Jamnagar or Reliance Petroleum's upcoming 29 million tonne refinery.

RIL plans to start oil production from the two existing production wells P1 and P2 in MA field later this year. As per the development plan approved by the directorate general of hydrocarbons, RIL is expected to achieve a plateau production of 40,000 barrels a day of oil along with some associated gas.

RIL is the operator of the D6 Block, with 90% stake, while the Canadian company Niko Resources holds the remaining 10%.