Yemen invites ONGC to set up 1 bn dlr refinery

Yemen has invited Oil and Natural Gas Corporation to set up a one billion dollars refinery on its Arabian coast.

By PTI | Jan 17, 2007, 12.40 PM IST

New Delhi: Yemen has invited Oil and Natural Gas Corporation to set up a one billion dollars refinery on its Arabian coast.

"We have proposed to them to partner in one of the two 100,000 barrels per day refineries being planned. They have said they will think of partnering in the refinery projects when they get an oil block in Yemen," Yemen Oil minister Khalid Mahfoudh Dahah told reporters here.

Start a SIP with as low as ₹500 with ET Money App!