New Delhi: GAIL (India) Ltd on Feb 13 inked a memorandum of understanding (MoU) with ITERA Oil & Gas Company of Russia for cooperation in hydrocarbon sector. The areas of cooperation comprise involvement in compressed natural gas projects and gas-based petrochemicals opportunities in Russia, as well as exploration and production opportunities in Russia and CIS countries. The two companies will also explore possible cooperation in other projects of mutual interests. GAIL, said that this is a substantial measure to focus on GAIL''s competence in gas-based petrochemical projects and CNG in Russia with a major private Russian company.
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