Jio-bp: UK OIL GROUP BP PAYS $1 BILLION TO RELIANCE FOR A PETROL STATION VENTURE

According to the recent reports, BP has paid a whopping sum of $1 billion to Reliance Industries to set up a joint network of thousands of petrol pumps across the country of India in order to capitalize the country’s positively dynamic energy demand. 
According to the statement issued jointly, in this new joint venture, BP will be holding 49 percent while the Reliance will own 51 percent in the new company called Jio-bp, that....