According to Reuters, BP and Reliance Industries have agreed to invest US$6 billion to boost India’s gas output from an east coast block.
Both companies have reportedly also expanded their tie-up to feed the country’s increasing demand for fuel and renewable energy. Reuters claims that BP wishes to sell fuels in India in a tie-up with Reliance, which operates the largest refining complex in the world.
Bob Dudley, the Chairman of BP, reportedly spoke to Reuters on the sidelines of an event, claiming: “We will not do it (setting up fuel stations) alone. It will be in tie-up with Reliance. Maybe we will expand this to jet fuel also.”