BP forms Indian fuels partnership with Reliance Industries | Financial Times:
BP and Mukesh Ambani’s Reliance Industries have agreed to form a fuels joint venture in India as the UK oil and gas major seeks expansion in the fastest-growing energy consumer.
Building on an offshore gas exploration and production partnership which began in 2011, BP and Reliance will jointly form a petrol station network and aviation fuels business.
Foreign companies, from BP to Saudi Aramco, are trying to secure a foothold the Indian market as they bank on the country’s rising oil demand in the years to come.
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