Saudi Aramco reinforces faith in $44 bn Ratnagiri refinery
New Delhi [India], Feb 20 (ANI): Saudi Aramco chief Amin Nasser on Wednesday reinforced his faith in the 44 billion dollar Ratnagiri refinery.
ANI
Feb 20, 2019 17:55 IST
New Delhi [India], Feb 20 (ANI): Saudi Aramco chief Amin Nasser on Wednesday reinforced his faith in the 44 billion dollar Ratnagiri refinery in Maharashtra.
"We're working with our partners Indian Oil, Bharat Petroleum and Hindustan Petroleum. We are very positive about our investment in India. With regard to Ratnagiri, the 1.2 million barrel refinery, we are very positive about the outcome," he told ANI.
Nasser is accompanying Saudi Crown Prince Mohammed bin Salman's during his official visit here. "Between the partners, we are committed and we have what it takes to execute," he said.
The deal is among the biggest foreign investments in the country's hydrocarbon sector while the refinery will be capable of processing around 1.2 million barrels of crude oil a day.
Saudi Aramco and the Indian consortium will each own 50 per cent of the project, which is located about 215 miles south of Mumbai. (ANI)
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