bp board meets in India reflecting the importance of the country

Board of bp began 5-day visit on Sept 23, holding board sub-committee meetings as well as meeting government leaders & business partners

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The board of global energy giant bp plc is holding its meeting in India, reflecting the importance of the country and its confidence in the opportunities it presents, the firm said on Wednesday.

The board of bp began a 5-day visit on September 23, holding board sub-committee meetings as well as meeting government leaders and business partners. In between, it will hold its full board meeting. This is the second time that the bp board is holding its meeting in India. The firm’s board had visited India in May 2013, two years after the firm spent $7.2 billion in buying a 30 per cent stake in 23 oil and gas blocks of Reliance Industries Ltd.

Just like 2013, the bp board met Oil Minister Hardeep Singh Puri over dinner on Tuesday evening, flew to Gadimoga in Andhra Pradesh for a visit to the landing point of gas produced from deepsea in Krishna Godavari basin, and will meet partner Reliance Industries officials in Mumbai. It will also visit bp’s global business services centre in Pune. In 2013, the bp board including the then chairman Carl-Henric Svanberg and then CEO Bob Dudley dined with the then Oil Minister M Veerappa Moily and partner Reliance Industries officials including chairman Mukesh Ambani, visited their flagship KG-D6 fields in Bay of Bengal and called on the then President Pranab Mukherjee.