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Gail Limited

India

 

Date: 2003 - Unclear

Deal: According to an Indian news publication, in July 2003 state-owned Gail Limited, the National Iranian Oil Company (NIOC) and the National Iranian Gas Export Company (NIGEC) agreed to consider jointly developing CNG and LNG facilities (The Financial Express, January 17, 2003).

A press report stated that in 2005, Gail Ltd. signed a formal contract with Iran's National Petrochemical Company to invest $1.5 billion in a gas project in South Pars. Under the agreement, the two companies will form a joint venture to develop the project after conducting a feasibility study (The Financial Express, February 17, 2005).

Ties to U.S. Business: According to USASpending.gov, Gail Limited has not received any U.S. government contracts in the past 10 years (USASpending.gov, accessed August 20, 2014).

 

Last Updated: August 20, 2014