NOTES:
BP and Reliance Industries have kicked off their new Indian fuels and mobility JV, Reliance BP Mobility Limited. The agreement was initially signed in 2019, with BP paying Reliance $1 billion for a 49% stake in the JV. The firm is aiming to become a leader across India's fuels markets, with the press release citing that India "is expected to be the fastest-growing fuels market in the world over the next 20 years." They will expand their fuel network from 1,400 retail stores to up to 5,500 within the next five years, along with other expansions in the nation.
REGIONS:
Asia