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    Home > Chemicals Industry > International Chemical > Issue 8 2018 - Saudi Arabia and India plan to build new refineries

    Issue 8 2018 - Saudi Arabia and India plan to build new refineries

    • Last Update: 2022-11-11
    • Source: Internet
    • Author: User
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    Saudi Arabia and India plan to build new refineries India and Saudi Arabia have signed an agreement to set up a refinery in the western Indian state of Maharasht, with a capacity of 1.
    2 million barrels

    per day.
    Saudi Aramco will hold a 50 percent stake in the refinery, with the remainder held by three Indian state-owned refiners and retailers
    .
    With a $44 billion investment in the new refinery, Saudi Arabia has pledged to supply half of its crude oil to the new refinery, and may also bring international partner Ratnagiri Refinery & Petrochemicals Ltd into the project
    .


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