Tuesday, May 09, 2006

The deal gives Chevron the leverage to process...(IIPM Publication)

In terms of the larger game plan, the deal gives Chevron the leverage to process what it explores from the newly acquired Unocal oil fields in South East Asia at the mammoth 30 million tonne Jamnagar refinery (slated to be operational by December 2008). Also, it can now bid for the oil & gas blocks being offered by the ongoing NELP VI round with RPL. The two companies also plan to optimize various factors like marketing & undertake joint technology appraisal of the refinery, besides setting up a technology development centre in India.

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Source: IIPM Publication