Begin typing your search above and press return to search.
exit_to_app
access_time 13 Dec 2025 12:59 PM IST
access_time 13 Dec 2025 12:07 PM IST
access_time 13 Dec 2025 12:02 PM IST
access_time 13 Dec 2025 11:25 AM IST
access_time 12 Dec 2025 10:57 AM IST
access_time 11 Dec 2025 11:40 AM IST
access_time 11 Dec 2025 10:24 AM IST
access_time 2 Dec 2025 4:24 PM IST
access_time 17 Nov 2025 12:34 PM IST
access_time 31 Oct 2025 12:34 PM IST
exit_to_app
Posted On
date_range 11 April 2018 8:18 PM IST Updated On
date_range 11 April 2018 8:18 PM ISTSaudi Aramco to buy 50% stake in $44-bln oil refinery in Maharashtra
text_fieldsbookmark_border
New Delhi: Saudi Aramco, the world's largest oil producer, will buy 50 per cent stake in the mega USD 44-billion oil refinery in Maharashtra.
A memorandum of understanding (MoU) to this effect was signed on sidelines of the International Energy Forum (IEF) conference here.
Saudi Oil Minister, Khalid A. Al-Falih, said India is a priority destination for Saudi investment and Aramco will continue to scout for opportunities beyond the west coast refinery.
Saudi Arabia will supply half of the 60 million tonne capacity, he said.
State-owned IOC, BPCL and HPCL will hold the remaining 50 per cent stake in the project. PTI
Next Story