 "Saudi Aramco")
The world’s largest oil producer, Saudi Aramco, signed a deal with India on Wednesday on the sidelines of the International Energy Forum (IEF) conference to pick up a 50 per cent stake in the Rs 3-trillion west coast refinery and petrochemicals project in Maharashtra.
Expressing an interest in foraying into the petroleum retail business in India, the company signed a memorandum of understanding with the country’s three major oil- marketing firms — Indian Oil Corporation (IOC), Bharat Petroleum (BPC) and Hindustan Petroleum Corporation (HPC) — to build the proposed Ratnagiri Refinery and Petrochemicals (RRPCL) in Maharashtra.
Kuwait Petroleum Corporation is also in
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