Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Reliance Industries to boost its Petchem production  Join our daily free Newsletter

MENAFN - - 24/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093506841%26title%3dReliance-Industries-to-boost-its-Petchem-production Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093506841%26title%3dReliance-Industries-to-boost-its-Petchem-production Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN) Reliance Industries stated that it will expand its work in the petrochemicals business counting on the increase in demand for plastics and polyester, which petrochemicals are raw materials for, report Times of Oman.

In this plan, the company is going to spend USD8 billion to boost its production in addition to USD4 billion to construct a plant for supplying its facilities that are based in the west of India with combustible gas.

In addition, the company intends to construct a plant to change Petroleum coke into a synthesis gas which is not expensive compared to natural gas.

It is worth mentioning that Reliance Industries suffered a 30 percent decrease in its stock price in 2011 resulting from international factors like the Chinese economy slowdown, Indian lower gas production and Europe's debt crisis.

 






  MENA News Headlines
May 24 2013US panel rejects Motorola bid to block Xbox imports ,AFP
(MENAFN - AFP) The US International Trade Commission sided with Microsoft in a patent dispute with Google-owned Motorola Mobility that could have led to Xbox 360 videogame consoles being banned ...

May 24 2013New concerns for China's rising middle class ,AFP
(MENAFN - AFP) With two cars, foreign holidays and a cook for their apartment, one Beijing family epitomises the new middle class created by China's decades of rapid economic growth -- and its ...

May 23 2013EADS offers $2.0 bln sweetener for S.Korea jet deal ,AFP
(MENAFN - AFP) European aerospace giant EADS has offered a $2.0 billion investment sweetener as it seeks to edge out US rivals for a contract to provide 60 advanced fighter planes to South ...

May 23 2013Venezuela, Russia in joint oil venture ,AFP
(MENAFN - AFP) Venezuela and Russia formed a joint venture to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt. Russia will loan Venezuela $1.5 billion to ...

May 23 2013US Boy Scouts to allow gay youths, not leaders ,AFP
(MENAFN - AFP) The Boy Scouts of America said it will allow openly gay youths to join the organization but maintain a ban on gay adult leaders, after a vote at its annual meeting in ...

May 23 2013Brazil to open huge oil field to auction ,AFP
(MENAFN - AFP) Brazil on Thursday said it will auction concessions to drill and explore an offshore oil field believed to hold up to 12 billion barrels of crude, the country's largest find. The ...

May 23 2013IMF chief grilled in Paris court over 2007 payout scandal ,AFP
(MENAFN - AFP) IMF chief Christine Lagarde faces another day of questioning after being grilled for hours Thursday by French prosecutors who are deciding if she should be charged over a state ...

May 23 2013Oil recovers after dive on Chinese data ,AFP
(MENAFN - AFP) Global oil prices closed little changed Thursday, recovering from sharper losses earlier in the day after weak Chinese manufacturing data. New York's main contract, West Texas ...

May 23 2013Researcher admits mistakes in stem cell study ,AFP
(MENAFN - AFP) A blockbuster study in which US researchers reported that they had turned human skin cells into embryonic stem cells contained errors, its lead author has acknowledged. Shoukhrat ...

May 23 20135,000 cave paintings discovered in Mexico ,AFP
(MENAFN - AFP) Archeologists have found nearly 5,000 cave paintings made by hunter-gatherers in a northeastern Mexico mountain range where pre-Hispanic groups were not known to have existed. The ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help