Thursday, October 04, 2007

GAIL mulls investment of US$2.3 bl petrochem plant in Iran

India's largest transporter and marketer of gas, government-owned GAIL India, plans to set up a US$2.3 bln petrochemical plant in Iran. Engineers India Ltd. has been appointed to conduct feasibility studies for the 3 mln tpa plant expected to be located in proximity to the gigantic South Pars gas field in Iran. The project could tap Reliance Industries Ltd (RIL) and an Iranian government-owned company as partners.

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