Qatar offered stake in major Indian petrochemical projects
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Qatar offered stake in major Indian petrochemical projects

7:55 AM, 23rd April 2012
Qatar offered stake in major Indian petrochemical projects

DAHEJ/ENNORE/KOCHI, INDIA: India has offered Qatar stake in some of the major petro projects, including the petrochemicals complex at Dahej in Gujarat, Indian Oil Corporation’s (IOC) LNG project in Ennore, Tamil Nadu, Bharat Petroleum Corporation Ltd’s (BPCL) petrochemical project in Kochi, petrochemical project in Mangalore and investment opportunity in the Paradip refinery and petrochemical project to further enhance its strategic partnership and ties.

India offered to Qatar a strategic partnership in the Dahej petrochemical complex being developed in the Special Economic Zone (SEZ). Oil and Natural Gas Corporation (ONGC) is the promoter of the project on the West Coast. The estimated cost of the project is around $4.25 billion and scheduled to be completed by 2013. IOC is pursuing a 2.5 million metric tonne per annum LNG import and re-gasification terminal.

BPCL has also proposed to set up a petrochemical complex at Kochi and is on the lookout for an established global petrochemical player as partner. In addition to this, the government has discussed the issue of offering strategic investment partner status to Qatar for the petrochemicals complex being set up by the special purpose vehicles, ONGC Mangalore Petrochemicals Limited (OMPL). The project is expected to cost around $1.25 billion.

© The Hindu News

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