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BP wants predictable price regime for natural gas in India

Steel News - Published on Tue, 28 Feb 2012

Oil and gas major BP Plc wants a predictable pricing regime for natural gas in India, as this is vital for developing future projects in the country.

Mr Sashi Mukundan head of its Indian unit said that \"Clarity on gas pricing is vital for the development of the next wave of projects, which will add production beyond 2015 but for which investment decisions need to be made now.”

He said that BP, which acquired stake in 23 oil and gas blocks in India from Reliance Industries in a USD 7.2 billion deal last year, is working with the Indian company to ramp up production at the blocks.

(Sourced from ET)

Posted By : admin on Tue, 28 Feb 2012
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