RIL, Gail team up for Russian assets
Confirming this, Gail chairman UD Choubey told: “We are in talks with RIL to set up petrochemical projects overseas.” But he declined to comment about the exact location of the project. “We are looking at various locations with feedstock availability and Russia could be one of them,” Mr Choubey added. RIL is learnt to be scouting for setting up petrochemical plants in Russia and Gulf countries for quite some time. A mail sent to RIL remained unanswered.
Last year, RIL had bid for the Ras-Turana refinery and petrochemicals project in Saudi Arabia, but the project was finally bagged by Dow Chemicals.