Trader invests in Indian refining project
Commodity trader Trafigura Pte. Ltd., Singapore, has agreed to invest as much as $130 million to earn an interest as high as 24% in the 120,000 b/d Cuddalore refinery under construction by Nagarjuna Oil Corp. Ltd. in Tamil Nadu, India (OGJ, Dec. 6, 2010, p. 50).