Reliance "not aware" of KPC talks on India project

12 December 2007 10:09  [Source: ICIS news]

DUBAI (ICIS news)--Reliance Industries Limited (RIL) said it was "not aware" of talks with Kuwait Petroleum Corp (KPC) on building a refinery and petrochemicals complex in India as reported by India's local media recently, a senior company source said on Wednesday.

"We're not aware of talks between our company and KPC regarding the project," the source said at the sidelines of the annual Gulf Petrochemicals & Chemicals Association conference.

KPC is mulling the building of a refinery and petrochemical complex in India in partnership with a local company to feed Asia's rising demand, local media reported late last week.

KPC was reportedly in talks with RIL, Indian Oil Corp (IOC) and other unnamed companies regarding the project.

The proposed project is expected to produce 400,000 bbl/year of oil and about 1m tonnes/year of chemicals for use in plastics and textiles.

The conference runs from 11-13 December in Dubai.

By: Nurul Darni
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