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(plastemart) -- State-owned Indian
Oil Corp (IOC) is eager to set up a multi-billion dollar petrochemical plant in
Oman. IOC seeks a commitment from Oman on supply of rich-gas (natural gas
containing C2/C3 - ethane, propane, compounds). GAIL and Petronet LNG- India's
largest importer of liquefied natural gas, have expressed interest in buying LNG
from Oman on long-term contract. Oil and Natural Gas Corp (ONGC) and IOC are
keen to join oil and gas exploration and production business in the Gulf nation.
At the 6th Indo-Oman Joint Commission Meeting leaders of the countries
expressed satisfaction at their growing ties in the hydrocarbon sector. The
possibility of enhancing equity of Oman Oil company in the Bina-Oman Refineries
Ltd. from the current 2% to 26% has been discussed.
mrcplast.com |
