Reliance and BP renew strategic partnership in India despite exclusivity agreement ending.

Reliance Industries and BP will maintain their strategic partnership in India, despite BP's exclusivity agreement ending. Since BP's $7.2 billion investment in 2011 for a 30% stake in Reliance’s oil and gas blocks, the partnership has expanded into various sectors, including electric vehicles and retail. BP has invested over $12 billion in India's energy sector, with plans for further investments in gas projects and mobility ventures, emphasizing collaboration in India's evolving energy landscape.

October 02, 2024
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