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With a production capacity of 1.2 million barrels a day, its feasibility is based on the growing demand for oil from New Delhi
Saudi Arabia and India have signed five agreements and memoranda of understanding between the two parties in the presence of Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Moody at the Hyderabad Palace in New Delhi, the Indian capital, Wednesday. Refining and petrochemicals of Ratnagiri in India, what are the relations of Saudi Arabia with this giant refinery? What is its significance, especially since its projected cost of $ 44 billion?
According to the economic description of the Ratnagiri refinery, it is a gigantic petrochemical and refining complex with a production capacity of 1.2 million barrels per day, located in the Indian province of Ratnagiri, 250 km south of Mumbai in the Maharashtra region and from Ratnagiri.
The refinery is owned by Saudi Aramco, the National Petroleum Company of Abu Dhabi (ADNOC) and a consortium of Indian national oil companies, including Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, with Aramco , ADNOC. "The 50% stake in the project company is shared among them, while the Indian Federation of Companies holds an additional 50%.
On June 25, 2018, Aramco and ADNOC signed a framework agreement for their strategic partnership in the development of the Ratnagiri refinery, which provides for strategic cooperation between the two companies to participate in the construction, ownership and development of the Ratnagiri refinery. 39, operating the refinery complex in cooperation with the National Association of Petroleum Companies of India.
According to government data, India is the third largest consumer of crude oil in the world, with a demand volume of 4.7 million barrels a day, buying about 800,000 barrels in Saudi Arabia. per day, but by 2040 Total Indian consumption is about 8.2 million barrels a day.
Prince Mohammed bin Salman announced today, at a press conference with the Indian Prime Minister, that Saudi Arabia was targeting more than $ 100 billion worth of investments in India over the past few years. next two years, pointing out that "Moody" had visited Saudi Arabia in 2016 and was the result of his visit. In 2017 and 2018, investments in petroleum refining and petrochemicals, with reference to the importance of investing in closer relations between the two countries.
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One of the largest refining projects in the world. Discover the Indian refinery Ratnagiri, which invests in Saudi Arabia
Mohamed Sobh
previously
2019-02-20
Saudi Arabia and India have signed five agreements and memoranda of understanding between the two parties in the presence of Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Moody at the Hyderabad Palace in New Delhi, the Indian capital, Wednesday. Refining and petrochemicals of Ratnagiri in India, what are the relations of Saudi Arabia with this giant refinery? What is its significance, especially since its projected cost of $ 44 billion?
According to the economic description of the Ratnagiri refinery, it is a gigantic petrochemical and refining complex with a production capacity of 1.2 million barrels per day, located in the Indian province of Ratnagiri, 250 km south of Mumbai in the Maharashtra region and from Ratnagiri.
The refinery is owned by Saudi Aramco, the National Petroleum Company of Abu Dhabi (ADNOC) and a consortium of Indian national oil companies, including Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, with Aramco , ADNOC. "The 50% stake in the project company is shared among them, while the Indian Federation of Companies holds an additional 50%.
On June 25, 2018, Aramco and ADNOC signed a framework agreement for their strategic partnership in the development of the Ratnagiri refinery, which provides for strategic cooperation between the two companies to participate in the construction, ownership and development of the Ratnagiri refinery. 39, operating the refinery complex in cooperation with the National Association of Petroleum Companies of India.
According to government data, India is the third largest consumer of crude oil in the world, with a demand volume of 4.7 million barrels a day, buying about 800,000 barrels in Saudi Arabia. per day, but by 2040 Total Indian consumption is about 8.2 million barrels a day.
Prince Mohammed bin Salman announced today, at a press conference with the Indian Prime Minister, that Saudi Arabia was targeting more than $ 100 billion worth of investments in India over the past few years. next two years, pointing out that "Moody" had visited Saudi Arabia in 2016 and was the result of his visit. In 2017 and 2018, investments in petroleum refining and petrochemicals, with reference to the importance of investing in closer relations between the two countries.
February 20, 2019 – Jumada Al-Akhirah 1440
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With a production capacity of 1.2 million barrels a day, its feasibility is based on the growing demand for oil from New Delhi
Saudi Arabia and India have signed five agreements and memoranda of understanding between the two parties in the presence of Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Moody at the Hyderabad Palace in New Delhi, the Indian capital, Wednesday. Refining and petrochemicals of Ratnagiri in India, what are the relations of Saudi Arabia with this giant refinery? What is its significance, especially since its projected cost of $ 44 billion?
According to the economic description of the Ratnagiri refinery, it is a gigantic petrochemical and refining complex with a production capacity of 1.2 million barrels per day, located in the Indian province of Ratnagiri, 250 km south of Mumbai in the Maharashtra region and from Ratnagiri.
The refinery is owned by Saudi Aramco, the National Petroleum Company of Abu Dhabi (ADNOC) and a consortium of Indian national oil companies, including Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, with Aramco , ADNOC. "The 50% stake in the project company is shared among them, while the Indian Federation of Companies holds an additional 50%.
On June 25, 2018, Aramco and ADNOC signed a framework agreement for their strategic partnership in the development of the Ratnagiri refinery, which provides for strategic cooperation between the two companies to participate in the construction, ownership and development of the Ratnagiri refinery. 39, operating the refinery complex in cooperation with the National Association of Petroleum Companies of India.
According to government data, India is the third largest consumer of crude oil in the world, with a demand volume of 4.7 million barrels a day, buying about 800,000 barrels in Saudi Arabia. per day, but by 2040 Total Indian consumption is about 8.2 million barrels a day.
Prince Mohammed bin Salman announced today, at a press conference with the Indian Prime Minister, that Saudi Arabia was targeting more than $ 100 billion worth of investments in India over the past few years. next two years, pointing out that "Moody" had visited Saudi Arabia in 2016 and was the result of his visit. In 2017 and 2018, investments in petroleum refining and petrochemicals, with reference to the importance of investing in closer relations between the two countries.
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