Diplomacyindia.com


Saudi Aramco, RIL in talks for India projects

February 21
06:05 2019

New Delhi, Feb 21 (IANS) Saudi Aramco, national petroleum and natural gas company of Saudi Arabia, said on Wednesday it was looking to expand footprint in India and was discussing partnerships with Indian companies, including Reliance Industries Ltd (RIL).

“There is a lot of growth potential and we are looking at additional investments in India. We are in discussions with other companies as well, including Reliance Industries Ltd,” he said.

Aramco has signed an agreement to implement a $44 billion refinery project in Maharashtra through the Ratnagiri Refinery and Petrochemicals Ltd (RRPCL). The RRPCL is a joint venture of an Indian consortium of state-run oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum — and Aramco and the Abu Dhabi National Oil Company (ADNOC) as its overseas strategic partners.

“We are looking not only at the refinery project, but also other opportunities,” Aramco Chief Executive Amin Al-Nasser said briefing reporters on the sidelines of the Saudi-India Forum, organised by the Saudi General Investment Authority in partnership with the Confederation of Indian Industry (CII).

The forum was organised as part of the events related to Saudi Crown Prince Mohammed bin Salman’s official visit to India.

Last month, the Aramco CEO had a meeting with RIL Chairman Mukesh Ambani who had earlier met Saudi Energy Minister Khalid Al-Falih during the latter’s visit to India in December 2018.

Following the meeting with Ambani, Al-Falih who also participated in the forum here on Wednesday tweeted: “We discussed opportunities for joint investments and cooperation in petrochemical, refining and communications projects.”

At the Saudi-India Forum, Indian companies, including Tata Consultancy Services, Wipro and Glenmark, signed 15 agreements to invest in Saudi Arabia.

The Saudi General Investment Authority said in a statement the memorandums of understanding (MoUs) signed range across strategic sectors, including energy and water, technology, arts and entertainment, healthcare, trade and investment, and include four new licences worth over $28 million granted to Indian companies.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Social Icons

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on an eventful journey of Indian Passport through its serveral phases, fast expanding network of passport seva kendras, evergrowing numbers, citizen centric service & new Initiatives

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on safety & security features of the passport documents in an era of digitalisation his cherished moments & milestones as “Passport Man” of India tranforming the entire passport landscape.

Diplomacyindia.com Video Interview : Mrs. Reva Ganguly Das (IFS) Director General, Indian Council of Cultural Relations Speaking on Yoga Day Celebrations

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on the journey of ISA so far, guiding principles, vision & priority areas & programmes for ISA.

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on expanding rank of international solar alliance & opening the membership to the countries beyond tropics.

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H.E. Mr. Jozef Drofenik speaking on Bilateral Relations and Trade between India and Slovenia

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H. E. Mr. Jozef Drofenik speaking on Tourism in Slovenia

Pictures of Formal Launch of Website Diplomacyindia.com

Knowledge Partner

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP Facebook Auto Publish Powered By : XYZScripts.com