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Indian Oil seeking to build US$3b petrochemicals plant in Iran: sources

Plan hinges on assurances that it will have cheap natural gas as feedstock

New Delhi

INDIAN Oil Corp is seeking to build a US$3 billion petrochemicals plant in Iran, according to people with direct knowledge of the matter.

The plan hinges on assurances from Iran that the one million- tonne-a-year project will have access to cheap natural gas as feedstock