May 04, 2007	Friday	Rabi-us-Sani 16, 1428

NEW DELHI, May 3: State-run Indian Oil Corporation (IOC) is looking to export some petrochemical products to Pakistan, India's junior oil minister said on Thursday. Sales of purified terephthalic (PTA), used in the production of polyester, were being pursued, he said.

“The proposal involves transport of PTA by road and by rail in containers across Wagah border,” Dinsha Patel told lawmakers.

The Wagah crossing is a major border transit point near the Indian city of Amritsar and Pakistan's Lahore.

In March 2006, Islamabad allowed Pakistan State Oil (PSO) to import 10,000 tons of Group II lube oil base stock from IOC on a one time basis.—Reuters