Mittal and Arcelor merge
Mittal Steel Co. has announced that it has reached an agreement with Arcelor to combine the two companies in a merger of equals to create the world’s leading steel company.
Mittal likely to increase offer for Arcelor
ING group said that Mittal Steel needs to increase its offer a second time to convince Arcelor’s board to recommend it.
India: gas transmission and distribution network
Gujarat State Petroleum Corp. (GSPC) has drawn up plans to expand its presence in the States of Maharashtra, Andhra Pradesh and Rajasthan to set up a gas transmission and distribution network similar to the one operated by the company in the State of Gujarat.
Algeria: gas facility project
Russian pipeline company Stroitransgaz will bid for the construction of a gas processing facility in Algeria.
India: product pipelines
Hindustan Petroleum Corp. has made plans for setting up product pipelines.
