Joint venture with RIL to get going by end of year: BP chief Bob Dudley

The JV will incorporate and build on RIL's current fuel retailing network across India

The much-awaited joint venture (JV) between Mukesh Ambani-led Reliance Industries (RIL) and BP Plc on retail service station network and aviation fuels business will be in place by the year-end, said Bob Dudley, group executive of the global oil and gas major, on Monday.

“We are very optimistic about the JV with RIL. We will work together to bring all kinds of new technologies. RIL is currently having 1,500 fuel stations and will soon be getting up to 5,000 across the country,” said Dudley, while addressing the media on the sidelines of CERA Week. 

The JV will incorporate and build on RIL’s