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Saudi Aramco mulls investing in India's Reliance Industries

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Saudi Aramco signed an agreement in April with a group of state-owned Indian refiners to participate in a $44 billion refinery project on the country’s west coast.

Thursday 21, February 2019 BY KUDAKWASHE MUZORIWA

Saudi Aramco is in talks with India’s Reliance Industries for possible investments and is seeking other opportunities in the country.

Amin Nassar, Saudi Aramco’s Chief Executive Officer, said that Aramco is considering additional investment in India so the oil giant is in discussions with other companies as well Reliance.

Nassar reiterated that Aramco’s investment will not be limited to the west coast refinery project, which will process 1.2 million bpd of crude as well as produce 18 million tonnes per year of petrochemicals, reported Reuters.

 

TAGS : Mukesh Ambani, Reliance Industries, Amin Nassar,

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