Speed of decision making not good for brand India: Robert Dudley, BP chief

He added that though there is a perception that India is challenged with oil and gas resources, it is blessed with a great market and whatever increased production will not be enough to fill it

Global oil and gas giant BP Plc on Monday urged India to make itself more competitive in framing contracts for exploration in the oil and gas sector in the country.

Critical about the pace of policy change, Group Chief Executive Robert Dudley said the speed of decision making was not good for Brand India and efforts to control retail pricing would not be beneficial for the sector in the long run.

He said his company and its partner, Reliance Industries Ltd (RIL), which had committed $6 billion, would produce at least 10 per cent of India’s gas demand from the Krishna Godavari