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Despite past failed ventures, two. Saudi aramco is in discussions to invest in two planned refineries in india, offering to supply significant crude volumes in exchange for stakes, to secure future term sales in the. India is in talks with saudi aramco, the world's top oil exporter, to secure investment in two planned refineries.
Sugar Wood by Brynn Ford Goodreads
In a major boost to india's energy security, the country has secured significant volumes of crude oil and liquefied natural gas (lng) to meet its growing demand. Saudi arabia is again seeking investments in india's refining sector, attracted by the country's increasing oil demand and refining capacity. Saudi aramco's massive $70 billion joint venture with ongc & bpcl secures india's energy future with guaranteed crude oil supply.
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India’s plan to set up new refineries has revived saudi aramco’s interest in investing in at least one of them and expanding its footprint in a growing oil and.
The riyadh agreement comes as india’s pivot toward discounted russian crude oil has accelerated, eroding the dominance of traditional middle eastern suppliers.
