EIL discusses oil infrastructure projects with Saudi Arabia, UAE
after close1 source ↓written by the desknot a recommendation
- investments in pipelines
- $1 billion
State-run Engineers India Ltd is in talks with Saudi Arabia and the UAE to provide consultancy and engineering services for oil infrastructure. The Gulf nations are planning $1 billion investments in pipelines and storage facilities to reduce reliance on the Strait of Hormuz due to ongoing disruptions from regional conflicts. This initiative may enhance EIL's project portfolio and market position.
Not investment advice. For informational purposes only.