Saudi Aramco pursues refinery partnership in India
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Saudi Aramco is looking at forming a partnership on a planned refinery project, located in India’s west coast, Maharashtra.
Saudi Aramco reportedly held meetings with India’s state-owned oil companies Hindustan Petroleum, Bharat Petroleum and Indian Oil to discuss the planned West Coast refinery this week.
The 1.2 million b/d refinery and an integrated petrochemicals complex is expected to cost around $40 million and be commissioned by 2022 in Ratnagiri, Maharashtra.
In addition, Saudi Aramco inaugurated an office in India, earlier this week in line with its plans to expand presence in the country. The company’s New Delhi office will reportedly strive to attract Indian manufacturers and investors to participate in the company’s projects and operations.
Saudi Aramco reportedly held meetings with India’s state-owned oil companies Hindustan Petroleum, Bharat Petroleum and Indian Oil to discuss the planned West Coast refinery this week.
The 1.2 million b/d refinery and an integrated petrochemicals complex is expected to cost around $40 million and be commissioned by 2022 in Ratnagiri, Maharashtra.
In addition, Saudi Aramco inaugurated an office in India, earlier this week in line with its plans to expand presence in the country. The company’s New Delhi office will reportedly strive to attract Indian manufacturers and investors to participate in the company’s projects and operations.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation
- Slump deepens in European plastics recycling industry
- SE Asia’s PPH regains premium over China after 3 weeks
- Stats: China rapidly expands its share in SE Asia’s PP markets
