New Delhi: British oil and gas firm BP's hunt for a licence to market jet fuel in India is likely to get longer after a second scrutiny by a government agency found the company had not made sufficient investment in the country's hydrocarbon sector essential to be eligible for a permit. This may prompt the oil ministry to reorder the exercise, people familiar with the matter said.
The oil ministry may again ask its technical arm, the Directorate General of Hydrocarbons (DGH), for a third time this year, to assess whether BP has invested enough in India to be eligible for a licence to market jet fuel, or aviation turbine fuel, in the country.
A divergence in views between BP and the government over the value of the company's investment in India has stretched the London-based firm's licence hunt to about three years. 18/11/15 Sanjeev Choudhury/Economic Times
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The oil ministry may again ask its technical arm, the Directorate General of Hydrocarbons (DGH), for a third time this year, to assess whether BP has invested enough in India to be eligible for a licence to market jet fuel, or aviation turbine fuel, in the country.
A divergence in views between BP and the government over the value of the company's investment in India has stretched the London-based firm's licence hunt to about three years. 18/11/15 Sanjeev Choudhury/Economic Times
