Exclusive: Shell eyes stake in Nayara's $9 billion Indian petchem project - source

Oil major Royal Dutch Shellplans to buy a 50% stake in Indian-based Naraya Energy's up to $9 billion (6.9 billion pounds) planned petrochemical project, a source familiar with the matter said.Shell and Nayara - which is part-owned by Russian oil major Rosneft- signed a memorandum of understanding in early June, the source said, adding an equal joint venture will be created for building the project."The petrochemical joint venture between Nayara and Shell was discussed at board of directors meeti