BANGALORE, INDIA -- (MARKET WIRE) -- 07/11/08 -- Researched by Industrial Info Resources(Sugar Land, Texas) -- GAIL (India) Limited is planning to develop two megapetrochemical plants, one in India and one abroad. The Indian unit will bea 1-million-ton-per-year plant developed in Visakhapatnam, Andhra Pradesh,in partnership with state-owned Hindustan Petroleum Corporation Limited(Mumbai), Mittal Energy, Oil India Limited (OIL) (Noida) and Total SA(NYSE:TOT) (Paris, France). The consortium is also evaluating thefeasibility of setting up a 15-million-ton-per-year export-orientedrefinery. GAIL is also in discussion with Lukoil (PINKSHEETS:LUKOY)(Moscow, Russia) to develop a petrochemical unit and a liquefied naturalgas terminal in Saudi Arabia and is currently scouting for an Indianpartner for this venture.For details, view the entire article by subscribing to Industrial Info'sPremium Industry News athttp://www.industrialinfo.com/showNews.jsp?newsitemID=135347, or browseother breaking industrial news stories at www.industrialinfo.com.
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