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India invites BP and Reliance to invest in fuel retailing

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India's oil minister invited BP and Reliance Industries Ltd (RIL) on Thursday to invest in fuel retailing after they jointly pumped billions of dollars into a gasfield off the country's east coast.BP Chief Executive Bob Dudley and Reliance Chairman Mukesh Ambani, who met India's oil minister Dharmendra Pradhan in New Delhi on Thursday, will hold a news conference later in the day."BP & RIL have invested in KG Basin," Pradhan said in a tweet after the meeting. "Invited them to invest in retail as well."He did not elaborate.Reliance holds a 60 percent stake in a gas block ...

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First Published: Thu, June 15 2017. 16:43 IST