Get the App
Join our growing community to challenge mainstream media bias and fix the news
Stake in Nayara’s $9 billion Indian petrochemical plant being eyed by Shell

Stake in Nayara’s $9 billion Indian petrochemical plant being eyed by Shell

Royal Dutch Shell is planning on purchasing a 50% stake in Indian based Nayara Energy’s upto $9 billion planned petrochemical project. Local refiners in India are investing billions of dollars to boost their petrochemical capacities, and global oil giants are also keen on expanding their foothold in the vast Indian market. A memorandum of understanding was signed by Shell and Nayara in early June.

Sandra
Sandra
Top in Business