Iraq has awarded Indian steel production firm Jindal Saw a $198 million contract to build and operate a factory for manufacturing oil and gas pipelines in the south, a senior investment official said.
The 25-year deal for the factory is pa
US President Barack Obama has sent two Cabinet secretaries to the fouled Gulf Coast to keep pressure on energy giant BP to plug an undersea oil leak that threatens an ecological disaster.
British-based BP is readying new measures to try to
India's Jindal Steel & Power said on Thursday its unit will buy Oman's Shadeed Iron & Steel for $464 million expanding its reach in the Middle East.
The deal which includes liabilities of $79 million, will be financed by $4
Leading Indian industrial group Jindal Steel & Power Company on Saturday said it has discontinued talks with UAE-based Al Ghaith Holdings regarding the purchase of Shadeed Iron & Steel.
In a statement, Jindal Steel said it was