ENI, Kazakh firms possible partners for IndianOil Turkey unit
New Delhi   23-Aug-2007
Indian state-run oil refiner IndianOil said on Wednesday that KazMunay Gas of Kazakhstan and Italy's ENI might be roped in as new equity partners for a proposed 3,00,000 bpd refinery in Turkey. In late May Turkey's energy watchdog approved a proposal by IndianOil and local firm Calik Energy to build the export-oriented refinery with a capacity of 3,00,000 barrels per day at the port city of Ceyhan. "ENI may join. Calik is talking to them. Investment is so huge, we need partners," IndianOil chairman S. Behuria said. "KazMunayGas will supply crude. This will also open gates for us to enter CIS countries," he said. IndianOil and Calik have formed a 51:49 joint venture to build the new refinery, seen costing $4.9 billion. Turkey has approved two other refinery-plans, one headed by Austria's, and another by Turkey's Turcas and Azerbaijan's Socar.