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Saudi Oil Giant Aramco Eyes Investment in Indian Refineries

OilPrice.com Thursday, 27 March 2025
Saudi Aramco, the world’s top oil firm and single biggest crude exporter, is in discussions to invest in two planned refineries in India, sources in India told Reuters on Thursday. State-owned Indian refiners plan to build several new crude processing plants to meet soaring fuel and petrochemicals demand in the world’s third-largest crude oil importer. Saudi Arabia, for its part, looks to lock in future term sales for its crude in the top Asian markets, which are set to continue driving global demand growth in the coming years. India…
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