GAIL, RIL shortlist ten sites across the globe for overseas petrochem venture

08-Apr-08
India's state-run GAIL India and Reliance Industries have shortlisted sites across 10 countries, including Qatar, Australia and Russia, for setting up their new petrochem venture. A Working Group (of GAIL and RIL) will shortlist three of the identified countries for setting up a multi-billion-dollar mega petrochemical plant. This will be further narrowed to one or two sites at which the mega petrochemical plant will be planned. Names of the ten countries identified for the purpose have not been disclosed. The MoU signed by RIL and GAIL in December 2007 lists Qatar, Abu Dhabi, Bahrain, Vietnam, Australia, South Africa, Angola, Mexico, Russia and former Soviet Union countries as areas where the two would explore the possibilities of jointly establishing the up to 2 mln ton chemical plant.
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