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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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