Thursday, September 21, 2006

Global energy investment advisor sets foot in India-Hindustan Times

Hydrocarbon sector investment advisory firm Global Union Energy Ventures on Tuesday announced its entry into India and said it aimed to finance at least three major projects every year in the range of $500 million to $5 billion.

"We are talking to all the major players in the downstream and midstream sectors in India and hope to do at least three major projects on an annual basis," Global Union Energy Ventures Chairman Jeffrey Waterous said.

The company is part financing the Nagarjuna Oil Corp's refinery project in Cuddalore, being built at a cost of $1.1 billion on the east coast.

The mothballed refinery project will have a capacity of 1,25,000 barrels a day. "We are acting as a financial advisor to this project," Waterous said full story>>

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