GAIL, Russia's Itera sign petrochem plants, city gas projects pact

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New Delhi, Feb.13 : The Gas Authority of India Limited and Russian oil and gas firm Itera today signed a Memorandum of Understanding (MoU) to jointly build petrochemical plants and city gas projects in Russia.

GAIL Chairman and Managing Director U D Choubey and Itera CEO Igor Makarov jointly signed the pact that envisages cooperation in setting up CNG projects in Russia, exploring possibilities for setting up a gas-based petrochemical plant in Russia and jointly investing in oil and gas exploration and production in Russia and CIS countries.

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