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Saudi Aramco to Invest $44b in Giant India Oil Refinery.

4/12/2018 12:00:00 AM   |      |   

Saudi Aramco on Wednesday announced a $44-billion (Dh161.6-billion) deal to build a giant refinery complex in India with three Indian firms that will become a crucial new outlet for the world’s biggest supplier.

The refinery at Ratnagiri on the west coast will be able to process up to 1.2 million barrels of crude a day. It will be among the world’s largest “refining and petrochemicals projects.

The project comes as a result of Aramco's efforts to secure markets for its oil and to move away from being just a producer.


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