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Saudi Aramco seeks share in India’s oil refinery

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/06/2017 (13:27)
According to Reuters, Saudi Aramco showed interest in acquiring a share in India’s projected 1.2 million barrels/day oil refinery, which will be located on the country’s west coast in line with India’s aim to have a stronger presence in global fuel trade.

Currently, Indian Oil Corporation is initially planned to have 50% of shares, while Hindustan Petroleum Corporation and Bharat Petroleum Corporation will hold 25%, each.
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