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Saudi Aramco to acquire stake in Opal project in India?

10:07 PM MDT | August 26, 2013 | Deepti Ramesh

Saudi Aramco is in discussions to acquire a 20%-30% stake in the ONGC Petro additions (Opal; Vadodara, India) project at Dahej, India, say local press reports. Opal, which was established in 2006, is a joint venture between Oil and Natural Gas Corp. (ONGC; New Delhi), Gail India (New Delhi), and Gujarat State Petroleum Corp. (GSPC; Gandhinagar, India). Opal is building a petrochemical complex at Dahej, which will produce 1.1 million m.t./year of ethylene, 400,000 m.t./year of propylene, 340,000 m.t./year of polypropylene, 340,000 m.t./year of high-density...

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