New Delhi: Government has rejected BP plc's application for selling jet fuel to airlines on the ground that its investment does not qualify to get a retailing licence, Oil Minister Dharmendra Pradhan said today.
BP Exploration (Alpha) Ltd, a wholly owned subsidiary of BP plc, had on June 11, 2014 submitted an application for authorisation to market aviation turbine fuel (ATF) claiming to have invested USD 477 million in the country.
The Oil ministry in March wrote to Europe's second- largest oil company saying that its $ 477 million investment in India till date does not qualify it to begin selling jet fuel to airlines.
20/04/15 PTI/Economic Times
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BP Exploration (Alpha) Ltd, a wholly owned subsidiary of BP plc, had on June 11, 2014 submitted an application for authorisation to market aviation turbine fuel (ATF) claiming to have invested USD 477 million in the country.
The Oil ministry in March wrote to Europe's second- largest oil company saying that its $ 477 million investment in India till date does not qualify it to begin selling jet fuel to airlines.
20/04/15 PTI/Economic Times
