GAIL Signs MoU With Itera Oil & Gas
Posted on: Thursday, 14 February 2008, 12:00 CST
Natural gas firm Gas Authority of India has signed a memorandum of understanding with Russia-based Itera Oil & Gas Company for co-operation in projects of mutual interest.
The memorandum of understanding (MoU) details areas of interest ranging from participation in compressed natural gas (CNG) projects, gas-based petrochemicals opportunities, exploration and production opportunities in Russia and CIS countries and other projects of mutual interest.
UD Choubey, chief managing director of GAIL, and Igor Makarov, CEO of Itera Oil and Gas Company, signed the agreement.
Gas Authority of India (GAIL) said that this is a significant step to focus on the company's competence in gas-based petrochemical projects and CNG in Russia with a major private Russian company.
Source: Datamonitor
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