Chevron eyes Reliance stake

India's Reliance Industries is considering selling a stake in its Dubai based oil and gas exploration outfit Reliance Exploration and Production DMCC to a strategic partner, reported the Business Standard. It is thought the Chevron Corporation, which has an equity stake in Reliance Petroleum, could secure up to 25% of Reliance Exploration. The sale would be aimed at improving Reliance's overseas bidding potential.