GAIL signs MoU with Russian gas firm Itera
State-run gas utility GAIL India Ltd on Wednesday signed an agreement with Russian oil and gas firm Itera for setting up petrochemical plants and city gas projects in Russia.
By PTI |
NEW DELHI: State-run gas utility GAIL India Ltd on Wednesday signed an agreement with Russian oil and gas firm Itera for setting up petrochemical plants and city gas projects in Russia.
The Memorandum of Understanding, signed by GAIL Chairman and Managing Director U D Choubey and Itera CEO Igor Makarov, envisages cooperation in setting up CNG projects in Russia, exploring possibilities for setting up a gas-based petrochemical plant in Russia and jointly investing in oil and gas exploration and production in Russia and CIS countries.
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