 "RIL CMD Mukesh Ambani (right) with BP Group Chief Executive Bob Dudley at a press conference in New Delhi on Thursday. Ambani said demand for fuel was expected to grow by 5-7% every year over the next decade. Photo: Sanjay K Sharma")
After meeting Prime Minister Narendra Modi and Petroleum Minister Dharmendra Pradhan, Reliance Industries CMD Mukesh Ambani and British Petroleum Group CEO Bob Dudley hosted a press conference in New Delhi last week. Before the conference, not a word had come out on what would be the announcements, though rumours trigged by a tweet from Pradhan indicated a joint investment in fuel retailing. Dudley broke the suspense by announcing that the two companies were ready with fresh investments in the Krishna-Godavari basin.
Together the partners will invest Rs 40,000 crore ($6 billion) in three projects comprising the R-Series, satellites and D55
