Monday, October 20, 2008

Global financial crunch may impede progress on IOC's petrochem projects

The new petrochem projects in the pipeline for state-owned Indian Oil Corp may be affected due to the crippling global financial situation. The company is making preliminary assessments on its plannedd oil refinery processing units at Haldia (120,000 bpd) and Mathura (160,000 bpd) refineries.

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