Thursday, August 21, 2008

RIL & Petrobras likely to form a JV for Suape port-based petrochem unit

Brazilian state-owned energy firm, Petrobras and India's largest polymer firm, Reliance industries Ltd. (RIL) are in discussions for a possible joint venture involving construction of a petrochem unitt in Suape port in Pernambuco state, as well as Comperj - a petrochemical complex in Rio de Janerio due to start operations from 2012.

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