China Gas offers GAIL stake in Mongolian project Press Trust of India / New Delhi August 31, 2005
Gas Authority of India (GAIL) has received an offer from China Gas Holdings to particiapte in a petrochemical project in Mongolia. "GAIL has received an offer from China Gas Holdings for participation in a gas-based petrochemical project, which is to be established in Humor, Inner Mongolia," Proshanto Banerjee, chairman and managing director of GAIL, said today. GAIL already holds 10% equity in China Gas Holdings. GAIL has also signed a memorandum of cooperation (MoC) with Engineers India (EIL) to jointly bid for overseas projects. According to a release issued by GAIL to the BSE today, "While the company will be responsible for project management and financing, EIL will be responsible for engineering and procurement." -------------- next part -------------- An HTML attachment was scrubbed... URL: <../attachments/20050831/a09f3139/attachment.htm>