Wednesday, March 03, 2010

Venezuelan company mulls controlling stake in ONGC Mangalore Petrochemicals

Venezuelan company- Petroleos de Venezuela SA (PDVSA) is mulling acquisition of controlling stake in ONGC Mangalore Petrochemicals, the aromatics unit of Oil & Natural Gas Corp. The venture will make 920,000 tpa of paraxylene and 140,000 tpa of benzene starting the end of this year.

For more details on Venezuelan company mulls controlling stake in ONGC Mangalore Petrochemicals click here

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