• Register

Oman mulling stake in Petronet’s planned plant in India

: Thursday, April 03 - 2014 @ 01:58

Oman’s oil minister Mohammed bin Hamad Al Rumhy has said the government is considering acquiring a 10-15% stake in Petronet LNG’s proposed plant on India’s east coast, Reuters has reported. Petronet, which supplies liquefied natural gas (LNG), aims to build a 5 million tonne a year LNG terminal at Gangavaram, on the east coast, by 2016. “We have not decided on (the) stake. It will be a small (stake) – maybe 10-15%,” Rumhy said, adding the two sides had been engaged in talks for the past two months.

Today's Top Stories

Posted by

Thursday, April 3- 2014 @ 1:58 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs