New Delhi: After nearly two years of wrangling, BP plc has won an ‘in-principle’ approval to retail aviation turbine fuel (ATF) to airlines in India.
While the Petroleum Ministry has given nod to BP to enter Indian aviation fuel supply space, the Europe’s second-largest oil company will have to take environment and safety as well as airport clearance before actually beginning jet fuel sales.
“BP has been granted ‘in-principle’ approval to market aviation turbine fuel (ATF) in India. We see a great future for aviation in India and are excited to be involved in this market and contribute to its future development and success,” a company spokesperson said.
BP Exploration (Alpha), a wholly-owned subsidiary of BP, had on June 11, 2014 submitted an application for authorisation to market ATF. It claimed to have invested USD 477 million in the country.
13/01/16 PTI/BusinessLine
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While the Petroleum Ministry has given nod to BP to enter Indian aviation fuel supply space, the Europe’s second-largest oil company will have to take environment and safety as well as airport clearance before actually beginning jet fuel sales.
“BP has been granted ‘in-principle’ approval to market aviation turbine fuel (ATF) in India. We see a great future for aviation in India and are excited to be involved in this market and contribute to its future development and success,” a company spokesperson said.
BP Exploration (Alpha), a wholly-owned subsidiary of BP, had on June 11, 2014 submitted an application for authorisation to market ATF. It claimed to have invested USD 477 million in the country.
13/01/16 PTI/BusinessLine
