Вторник, 24 Апреля 2018
Latest news
Main » Saudi Aramco keen on oil retailing in India

Saudi Aramco keen on oil retailing in India

13 Апреля 2018

World's largest oil producer-Saudi Aramco on Wednesday signed a Memorandum of Understanding with a consortium of Indian state-run companies to jointly develop Ratnagiri Refinery & Petrochemicals (RRPCL) in Maharashtra at a proposed budget of $44 billion.

The world-class, mixed-feed steam cracker (50% ethane and refinery off-gas) will be built next to the SATORP refinery that's 62.5% owned by Saudi Aramco and 37.5% by Total.

Saudi Aramco is displaying its latest GIS maps and applications at the 12th National Forum for Geographic Information Systems (GIS) and exhibition, organised by Imam Abdulrahman Bin Faisal University in Dammam, Saudi Arabia.

The world's biggest oil producer Saudi Aramco opened its Asia office here past year.

President & CEO Amin H. Nasser: “Investing in India is a key part of Saudi Aramcos global downstream strategy, and another milestone in our growing relationship with India.”.

Iraq has in the past year overtaken Saudi Arabia as India's main oil supplier so the refinery would be a major boost. "We would also like to have our own brand", he said.

Читайте также: Apple Says Its Global Facilities Powered With 100% Clean Energy

He said Aramco is also keen on venturing into fuel retailing.

Another day, another massive deal for Saudi Arabia's state oil giant. "The project will have Saudi Aramco as a 50 per cent equity partner and the rest 50 per cent will be held by the Indian consortium".

Noting that the future supply situation of energy sources, particularly of oil, is "not reasssuring", Al-Falih said the producers in the Organisation of Petroleum Exporting Countries (OPEC) "remain committed to the long-term market". Saudi Aramco may also seek to include a strategic partner to co-invest in the mega refinery. Along with pointing out that Saudi Aramco's entry would bring lower cost of financing due to the company's higher credit ratings, Falih had told reporters that the reforms introduced by the Modi government are "a game changer".

Saudi Arabia's national oil company Saudi Aramco on Saturday is expected to disclose initial steps towards a multibillion-dollar chemical plant in Texas, according to sources familiar with the company's USA operations. It opened an office in New Delhi in 2017. "We will only list when the market is right", he said.

Saudi Basic, the Middle East's dominant chemical maker, said on Saturday that it wants to build a Houston headquarters for its Western Hemisphere operations as the company capitalizes on the surge in cheap natural gas supplies from North American shale fields.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Saudi Aramco keen on oil retailing in India