Friday, December 21, 2007

IOC mulls investment in gas based petrochemical unit in Oman

Indian Oil Corporation Ltd (IOC) is considering an investment of over US$5 bln in Oman. With the amount, India's state-run petroleum major will to either set up a gas-based petrochemical complex in Oman or to form a JV with a local company for an existing petrochem complex.

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