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FINANCIAL NEWS
UAE- Gulf Petrochem starts establishing India’s Pipavav Oil Terminal
11 Dec 2012
(MENAFN) UAE’s Gulf Petrochem Group’s Chief Executive, Sanjeev Sisaudia, stated that the company has begun establishing the Pipavav Oil Terminal in India’s Gujarat state, reported Emirates 24/7.
Sisaudia said that the Liquid Cargo Storage Terminal, which would be used to handle and store liquid cargoes, would support the firm’s long-term expansion strategy, due to its nearness to chief rail and road networks that provide direct access to vital Asian markets.
He noted that the firm will carry on investing in major projects that will boost the company’s ability to provide reliable, tailor-made solutions at competitive prices.
It is worth noting that the new terminal, which will span an area in excess of 90,500 sqm, would enhance Gulf Petrochem’s presence in India, one of the firm’s most profitable international markets.
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