EIL discusses oil infrastructure projects with Saudi Arabia, UAE
pre-market1 source ↓written by the desknot a recommendation
- in oil
- $1 billion
State-run Engineers India Ltd (EIL) is in talks with Saudi Arabia and the UAE to provide consultancy for $1 billion in oil and gas infrastructure projects. This initiative aims to reduce dependence on the Strait of Hormuz, which has faced disruptions due to regional conflicts. The investment will focus on pipelines, storage, and terminals for crude and petroleum transport.
Not investment advice. For informational purposes only.