Indian Company to Co-operate with Its UK-based Oil and Gas Partner Further
CHEMMONITOR.COM – The Mumbai-headquartered Indian company Reliance Industries Limited (RIL) and a British producer with headquarters in London, BP p.l.c., decided to expand their partnership assessed at about USD 7.1 billion.
In July 2012, the companies stroke a deal, due to which RIL will buy the paraxylene (PX) technology from the other company.
The technology will facilitate the development of the largest aromatics complex located in state Gujarat (India).
The British producer is trying to extend its unique technology, which helps to cut operating and capital expenditure.