New Delhi: BP Plc, Europe’s second-largest oil company, has applied for licence to retail jet fuel or ATF at airports in India, Oil Secretary Vivek Rae said on Wednesday.
Having invested close to $8 billion in India’s oil and gas sector, BP is eligible for a licence to retail petrol, diesel and ATF but the London-based firm is keen to enter the aviation space for now.
“They (BP) are looking at marketing of aviation turbine fuel (ATF) and I think they have applied for a licence,” Rae told reporters here.
BP made the application for ATF retailing last month. Fuel retailing in India is permitted to companies who have invested Rs. 2,000 crore in oil and gas infrastructure in the country. “They are entitled to it (retailing licence) and they will get this entitlement,” Rae said.
05/02/14 PTI/Business Line
To Read the News in full at Source, Click the Headline
Having invested close to $8 billion in India’s oil and gas sector, BP is eligible for a licence to retail petrol, diesel and ATF but the London-based firm is keen to enter the aviation space for now.
“They (BP) are looking at marketing of aviation turbine fuel (ATF) and I think they have applied for a licence,” Rae told reporters here.
BP made the application for ATF retailing last month. Fuel retailing in India is permitted to companies who have invested Rs. 2,000 crore in oil and gas infrastructure in the country. “They are entitled to it (retailing licence) and they will get this entitlement,” Rae said.
05/02/14 PTI/Business Line
