Latest News – Mukesh Ambani, India’s richest man, and his British partner Bob Dudley of BP today came calling on the government as they looked to revive investments in deep-sea gas exploration and production after an eight-year hiatus.
Dudley, whose last visit in January 2015 led to India revisiting the natural gas pricing formula and a higher rate for gas produced from deep-sea and difficult areas, met Oil Minister Dharmendra Pradhan this afternoon.
He was accompanied by BP India head Sashi Mukundan during the meeting. 45 minutes into the meeting, Ambani joined them. “I have invited BP & Reliance to invest in fuel retail,” said Pradhan
Both refused comment after the 80-minute meeting.
Ambani and Dudley would meet Prime Minister Narendra Modi before making a media announcement about reviving investments in exploration and production.
While the cap price for (Read More)