Saudi Aramco to buy 50% stake in $44-billion oil refinery in Maharashtra
Authored By Wion Web Desk
Published: Apr 11, 2018, 06:10 IST | Updated: Apr 11, 2018, 06:10 IST
Saudi Aramco
Story highlights
Saudi Aramco, the world's largest oil producer, will buy 50 per cent stake in the mega $44-billion oil refinery in Maharashtra
Saudi Aramco, the world's largest oil producer, will buy 50 per cent stake in the mega $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 Al-Falih, said India is a priority destination for Saudi investment and Aramco will continue to scout for opportunities beyond the west coast refinery.
Add WION as a Preferred Source
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.
)
JP Nadda, Jitendra Singh meet Sonam Wangchuk at Medanta Hospital: Report
)
Trump announces 200% tariff on generic drugs: Here's what it means for 'Pharmacy of the World' India
&im=FitAndFill=(700,400))
Meet top 5 batters with most runs in India vs Zimbabwe T20Is
)
'Is that a back-up Trump?' Mysterious look-alike standing behind Donald Trump baffles netizens
)
US-Iran war cost hits $37.5 billion as Hegseth seeks $67 billion more for Pentagon
)
Sonam Wangchuk's connection with George Soros and Ford Foundation explained!
)
UP BTech gold medalist dies by suicide after failing in nearly 50 govt job attempts, leaves note for father
)
Salman Khan breaks silence on health concerns after viral Mumbai appearance
)
'George Soros playbook': Understanding the foreign funding network around Sonam Wangchuk
&im=FitAndFill=(700,400))
New OTT releases this week (July 20-26, 2026): Musafir Cafe, Adarsh Baal Vidyalaya, 72 Hours- 5 new titles coming on Netflix, Prime Video and more
&im=FitAndFill=(700,400))
2026 FIFA World Cup awards: Full list of Golden Boot, Golden Ball, Golden Glove and every major winner
)
Is Pentagon hiding missile shortage from Trump? US officials raise alarm over Iran war readiness
)
'Criticising him after two or three matches isn't justified': Sikandar Raza backs Vaibhav Sooryavanshi
)
'We acted immediately...': Indian PM Modi breaks silence on paper leaks as NEET protest, calls for Education Minister's resignation grows
)
Kaylee Hottle was unconscious: Shocking details from first responders revealed after teen star's death
)
'What is wrong...': Anna Hazare breaks silence on Sonam Wangchuk's protest, makes an appeal to Centre
)
FIFA 2026 | 'I am truly sorry': Argentina's Enzo Fernandez, who get red card in final, reacts to loss
&im=FitAndFill=(700,400))
Why US fighter jets use seamless bubble canopies compared to Russian jets
&im=FitAndFill=(700,400))
Why the F-22’s cockpit glass is thicker than a standard fighter jet
)
Student union leaders call off hunger strike at Jantar Mantar after civil society appeal, but protest continues
)
‘He's the architect of the genocide against Palestinians’: Mamdani repeats Netanyahu will be arrested if he visits US
&im=FitAndFill=(700,400))
World's top 7 most liveable cities in 2026 — Check where India and Pakistan stand
)
'Guru is the...': Indian Education Minister Dharmendra Pradhan shares message on education amid calls for his resignation
)
'Not permitted ...': IIT Roorkee issues gag order as students' protest intensifies
)
'This should not happen in a democracy': Shashi Tharoor slams detention of Rahul Gandhi, Priyanka Gandhi after protest outside PM Modi's residence
)
‘Centre had no interest in having a debate’: LoP Rahul Gandhi demands resignation of Dharmendra Pradhan, Amit Shah
)
FBI arrests alleged $547mn medicare fraud fugitive after 3-year global manhunt