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RIL-BP will invest around Rs 40,000 crore to develop about 3 trillion cubic feet of resources that will result in production of an additional 30 million to 35 million cubic meters a day of gas from the D6 block in the Krishna Godavari basin between 2020 and 2022, Bob Dudley, chief executive officer of BP, said in New Delhi Thursday.
While the management has not provided for a specific timeline on the investment part, analysts expect most of it to come in after FY18.
CLSA said the partnership will lay emphasis on aviation turbine fuel marketing and new technology initiatives to deliver value to customers.
having licensing rights to market ATF and set up 3,500 fuel stations across India will be an added advantage.” Reliance on its part has license for around 5,000 fuel stations, the broking firm said.