Reliance, BP sign pact to set up petrol pumps under Jio-BP brand

RIL currently has about 1,400 operating petrol pumps and some 30-odd aviation fuel stations at airports. These will be taken over by the RIL-BP joint venture and grown in future. RIL will hold 51 per cent in the new joint venture company while BP will have the remaining 49%. This will assume ownership of RIL's existing Indian fuel retail network and access its aviation fuel business.

from Energy-Industry-Economic Times https://ift.tt/35y7yRm