News
05 January 2026

Saudi Aramco eyes major stake in new $11bn Indian refinery

In:
Oil & gas
Region:
Middle East & Africa, Asia-Pacific

Saudi Aramco is set to acquire a 20% stake valued at about $2.2 billion in a new $11 billion refinery project developed by Bharat Petroleum Corporation Limited (BPCL) in India, earmarked for the Ramayapatnam port in Andhra Pradesh. BPCL, which is India's second-largest state-owned refiner,...

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