Kuwait's Petrochemical Industries Company (PIC) is close to signing a deal to acquire 45% of the OpaL chemical factory in India, the company's chief executive told state news agency KUNA. As reported by Reuters, Asaad Al-Saad attributed delays in the completion of the deal to tough Indian laws, but said he was optimistic due to the support of India's government and the strength of its economy.
ONGC Petro-additions Limited, or OpaL, is currently a joint venture between three Indian companies: Oil and Natural Gas Corporation (ONGC), Gujarat State Petroleum Corporation (GSPC) and Gas Authority of India Limited (GAIL).
23-Nov-15 
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