Our Special CorrespondentNew Delhi: Saudi Aramco has expressed interest in buying stakes in existing Indian refineries and expansion projects, besides picking up a stake in the 60-million-tonne greenfield refinery on the west coast. He said during his two-day visit, discussions were held about the commitment of Aramco to the west coast refinery and other investment opportunities. "Aramco is looking at other opportunities to buy into existing refineries in India as well as upgrades of existing units. One is the greenfield west coast refinery, which is already public, but there are discussions with expansions as well as buying stakes in major existing assets," he said. On the stake Aramco is looking to pick up in the west coast refinery, he said: "The more the better.

Source: The Telegraph February 24, 2018 19:30 UTC