RIL, BP to invest $5 bn in flagging KG-D6 gas fields

He, however, refused to say if RIL-BP raised the issue of CAG's second round of audit of KG-D6 spendings.

"You should focus on positive news rather than running after controversies," he remarked when asked if differences between RIL and CAG over the scope of second round of audit were discussed at the meeting.

Moily had apparently come from Bengaluru last night only to attend the breakfast meeting with Dudley-Ambani and was on the way to the airport to return back at non when he was called by Prime Minister Manmohan Singh to attend the luncheon hosted in honour of visiting British Prime Minister.

Leading the largest-ever trade delegation from the UK to any country, British Prime Minister David Cameron said: "BP is already the largest single British investor in India and the decision to join forces with RIL to invest USD 5 billion in the next few years into India's gas markets reinforces how two of Britain and India's leading companies can work together to invest in and supply the energy needs of the future, creating jobs and boosting prosperity."

"Gas from these projects will deliver energy to millions of Indians and would significantly help India in reducing import dependence. My ministry is committed to provide necessary support to promote such investment in the domestic oil and gas sector. We will do the needful to fast track these projects and help them attain economic viability," assured Moily.

The statement quoted

... contd.