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INDIAN Oil Corp (IOC) and Gail (India) are likely to decide in the next two months whether or not they should invest in National Petrochemical Go's (NPC's) No 12 Olefins project in Assaluyeh, Iran, said senior sources from the two companies.
Both companies are evaluating a preliminary study prepared by NPC. The IOC source added: 'We are looking at the numbers; an in-principle decision is likely to be taken soon. If we decide to...