RIL-BP to invest Rs 40,000 cr more to raise KG-D6 gas output to 35 mscmd

The gas project wlould reduce India's import dependence by 10%, says BP CEO Dudley

Reliance Industries Chairman Mukesh Ambani and BP Plc Chief Executive Bob Dudley on Thursday announced at a press conference that their companies would invest Rs 40,000 crore more in partnership to increase KG-D6 gas output to 30-35 mscmd. The partners would progress on R-Series gas field development in the KG-D6 block, Dudley said, adding the gas project would reduce India's import dependence by 10 per cent.

RIL and BP are partners in oil and gas exploration but have no such collaboration in downstream fuel retailing business.

"RIL-BP will invest after many years Rs 40,000 crore to bring up KG-D6 output