India To Cooperate With US Oil Giant Chevron

India's Reliance Industries Ltd. and the U.S.oil major Chevron Corp. are currently in talks on the possibility of cooperation in refining and exploration in India.

"Top officials of the two companies have had regular meetings and exchanged proposals but nothing concrete has been arrived at as of yet," the source familiar with the situation told Reuters on Wednesday.

The source confirmed that Chevron Chairman and Chief Executive David J. O'Reilly had met up with Reliance Chairman Mukesh Ambani in the United States on Tuesday.