Union Petroleum Minister Dharmendra Pradhan today said Russian oil giant Rosneft planned to tap the retail fuel market in India in a big way.
“Rosneft, the Russian oil major, who recently took over Essar Oil, are planning in a bigway to tap retail fuel market in India,” he told reporters after inaugurating City Gas Distribution (CGD) Project to supply eco-friendly natural gas to households, industries and transport sector, here.’
Three days back, Reliance Industries and its partner BP plc had announced investment of $6 billion in developing new gas fields in the KG-D6 block after an eight-year hiatus.
Credit – The Economic Times
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