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India's Reliance will invest 2 billion U.S. dollars to build petrochemical plants in the UAE

 Last Update: 2021-12-25
 Source: Internet
 Author: User

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According to news from World Oil on December 7, the United Arab Emirates and Reliance Industries agreed to build a US$2 billion petrochemical plant.

Abu Dhabi National Petroleum Corporation and Reliance are seeking to convert hydrocarbons into products to help them meet consumer demand for plastics

According to a statement on Tuesday, the collaboration will establish a joint venture in Ta'ziz, a chemical and industrial park being developed in Ruwais

ADNOC provides most of the oil and gas for this Persian Gulf country, and its goal is to attract approximately US$5 billion for the Ta'ziz project

Reliance, the operator of the world's largest oil refinery, cancelled a plan to sell part of its petrochemical unit to Saudi Aramco last month

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