Saudi Aramco, the world's leading oil producing company with around 10 million barrels per day output, is looking at India as its most preferred investment destination. This was conveyed to Prime Minister Narendra Modi by Saudi Aramco head Khalid Al Falih during their meeting in Sauid Arabia ...
Saudi Arabia is making a high stakes investment in India as the world’s largest crude oil exporter seeks to deepen its ties with the fastest growing energy consumer. Tom O’Sullivan discusses Aramco’s proposed investment in Reliance Industries with Benjamin Parkin and Anjli Raval. ...
Now Saudi's Aramco is investing over $44 billion in India's massive Ratnagiri oil refinery in Maharashtra and it's close to buying a 50 per cent stake in a $4.6 billion petrochemicals plant in Gujarat, Modi's home constituency. A quarter of India's oil needs today are met by Saudi Ar...
Saudi Aramco is making big moves in India's promising downstream market, but success is far from guaranteed. The investment rationale for Aramco, the world's largest crude exporter, is simple: to secure access to India's rapidly growing oil market, which is expected to expand faster than any...
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Saudi Aramco and ADNOC will jointly assess investment opportunities across the natural gas and LNG value chain, exchange technical knowledge and expertise in natural gas and LNG growth markets. Nasser said: “Our partnership with ADNOC continues to strengthen, after the recent decision to jointly deve...
The oil major is looking into several investments in China, which will be announced in due time this year or the next, Nasser said. He noted that South Korea and India are potential investment destinations for the company. Further, the top executive went to say that Aramco aims to be a ...
4 Includes investment in oil sector, majority of which is assumed to be conducted or funded by Saudi Aramco, which is fully government-owned. NOTE: Numbers may not sum due to rounding. SOURCE: Central Department of Statistics and I...
Saudi Aramco is more than doubling funding to its venture capital arm by injecting an additional $4 billion funding, the Saudi state oil giant said on Wednesday. The fresh funding will raise Aramco’s total investment allocation to its unit Aramco Ventures from $3 billion to $7 billi...
Gas, witnessed the signing of the agreements between ADNOC, Saudi Aramco and a consortium of three Indian oil companies, to explore a strategic partnership and co-investment in the development of a new US $44 billion mega refinery and petrochemicals complex at Ratnagiri, on India’s west coast...