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Q.

In our Petroleum Industry, British Oil has 30% share..

Is the make the Petroleum Ministry weak in front of Petroleum Lobby??

Tags: money, industry, oil
Asked by Sharmila Bose, 04 Sep '13 06:24 pm
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Answers (2)

1.

British Petrolium is the sixth largest oil company in the world and is spread in Eighty Eight countries globally. It has Thirty percent stake in Reliance India Limited as a co-venturist in a joint venture.
BP operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
BP owns a Nineteen point Seventy Five percent stake in the Russian oil major Rosneft, the world's largest publicly traded oil and gas company by hydrocarbon reserves and production. The deal was completed on 21 March 2013.
In February 2011, BP formed a partnership with Reliance Industries, taking a 30% stake in a new Indian joint-venture for an initial payment of $7.2 billion. In September 2012, BP sold its subsidiary BP Chemicals (Malaysia) plant in Malaysia, to Reliance Industries for $230 million.

Coming to your question: 'Petroleum lobby' is now having full autonomy after this govt has made them aut ...more
Answered by QueSera Sera, 04 Sep '13 07:35 pm

 
  
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2.

Yes.
Answered by rk, 04 Sep '13 06:25 pm

 
  
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