09 January 2008 07:59 [Source: ICIS news]
DUBAI (ICIS news)--?xml:namespace>
A feasibility study on the project was under way and the two companies had agreed to exchange expertise and technology on the potential project, IPIC added but failed to disclose any financial details.
The total worldwide investment of IPIC, the state enterprise responsible for foreign investments in the oil and chemicals sector, is valued at $11bn and it earlier announced it would almost double that to $20bn in the next five years.
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