AFP, New Delhi :
Saudi Aramco, the world’s biggest oil producer, on Wednesday announced a $44-billion deal to build a giant refinery complex on the west coast of India with three Indian firms.
The refinery at Ratnagiri will have a capacity of 1.2 million barrels of oil a day, the Saudi company said in a statement after signing a memorandum of understanding with Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.
It said the Ratnagiri complex “will rank among the largest world refining and petrochemicals projects.
Saudi Aramco, the world’s biggest oil producer, on Wednesday announced a $44-billion deal to build a giant refinery complex on the west coast of India with three Indian firms.
The refinery at Ratnagiri will have a capacity of 1.2 million barrels of oil a day, the Saudi company said in a statement after signing a memorandum of understanding with Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.
It said the Ratnagiri complex “will rank among the largest world refining and petrochemicals projects.
