Reliance, Petrobras Mull Petchem JVs in Brazil

Reliance Industries is in talks with Brazilian oil company Petrobras for setting up two petrochemical joint ventures in Brazil, which would involve a total investment of about $6 billion, say reports. The companies are looking at the possibility of setting up the 50-50 jvs in the states of Pernambuco and Rio de Janeiro, reports say. With these petchem jvs in Brazil, Reliance aims to export petrochemicals to Latin American countries, reports...

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