India seeks Aramco, Adnoc backing for $44 billion oil refinery - Feedback

Aramco igned a memorandum of understanding last month to join the proposed Ratnagiri refinery and possibly take a 50% stake in the project.

India, the world’s fastest-growing oil market, is targeting support from both Saudi Aramco and Abu Dhabi National Oil Co. for Asian nation’s proposed $44 billion refinery, according to the Indian oil minister. Aramco, known officially as Saudi Arabian Oil Co, signed a memorandum of understanding last month to join the proposed Ratnagiri refinery and possibly take a 50 percent stake in project.

http://www.arabianbusiness.com/energy/396473-india-seeks-aramco-adnoc-backing-for-44bn-oil-refinery

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