{"id":286373,"date":"2019-08-07T05:20:50","date_gmt":"2019-08-07T05:20:50","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286373"},"modified":"2019-08-07T05:30:29","modified_gmt":"2019-08-07T05:30:29","slug":"ril-signs-pact-with-bp-to-supply-aviation-fuel-run-retail-outlets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-signs-pact-with-bp-to-supply-aviation-fuel-run-retail-outlets\/","title":{"rendered":"RIL signs pact with BP to supply aviation fuel, run retail outlets"},"content":{"rendered":"<p>Reliance Industries Ltd (RIL) and British oil and gas giant BP Plc will form a new joint venture company to run retail fuel stations and supply aviation fuel, the two companies announced on Tuesday. <\/p>\n<p>While Reliance will hold 51 per cent, BP will hold the rest in the venture that will assume ownership of RIL\u2019s existing fuel retail network of over 1,400 outlets. The JV will also get access to RIL\u2019s aviation fuel business currently operating at over 30 airports across India. <\/p>\n<p>The JV partners aim to grow the fuel retail outlets to up to 5,500 sites over the next five years and compete with established firms such as Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Russia\u2019s Rosneft-owned Nayara Energy (formerly Essar Oil).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL) and British oil and gas giant BP Plc will form a new joint venture company to run retail fuel stations and supply aviation fuel, the two companies announced on Tuesday. While Reliance will hold 51 per cent, BP will hold the rest in the venture that will assume ownership of RIL\u2019s existing fuel retail network of over 1,400 outlets. The JV will also get access to RIL\u2019s aviation fuel business currently operating at over 30 airports across India. The JV partners aim to grow the fuel retail outlets to up to 5,500 sites over the next [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-286373","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286373"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286373\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}