BP’s group chief executive officer Bob Dudley on Monday expressed confidence that there won’t be a return of state control on fuel pricing in India and said that issues such as gas migration dispute “probably slowed down” its investments here.
This comes in the backdrop of the Indian government’s plan to challenge the decision of an international tribunal that has ruled in favour of Mukesh Ambani-controlled Reliance Industries Ltd (RIL), and its partners BP Plc and Niko Resources Ltd, in a gas migration dispute. The tribunal also awarded costs of $8.3 million to be paid by the government to the consortium.
“I think the speed of decision making does and will be faster in the future in India. But the speed of decision making is something that is not good for Brand India. I am very open about my views on this,” Dudley said at a press conference at the India Energy Forum by CERAWeek. Read More
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