India’s giant power company, Jindal Power Ltd, has exited a deal that would have seen it operate Petroleos de Venezuela’s (PdVSA) key installations for processing heavy crude oil for export, Bloomberg has reported. In May, Jindal entered into a joint venture with PdVSA in the Petrocedeno project located in the oil-rich Orinoco Belt. The $300 million deal to renovate and upgrade equipment was Jindal’s first foray into the oil sector. The collapse of the deal is illustrative of the challenges Venezuela faces in trying to revive…
Hence then, the article about india s jindal power abandons crude processing deal with pdvsa was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( India’s Jindal Power Abandons Crude Processing Deal With PdVSA )