Gazprom, Dow Chemical Talk Joint Venture

Russian natural gas monopoly OAO Gazprom said it signed a memorandum of understanding Tuesday with U.S. giant Dow Chemical Co. that outlines potential cooperation on projects in Russia and Germany.

State-controlled Gazprom said the companies would consider creating a joint venture based on Dow's new petrochemical facilities in Germany and cooperating in refining gas from Russia's Yamalo-Nemets autonomous district, and the two will study other possibilities.

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- Posted: 2007-11-27 10:22:24

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