FILE PHOTO: An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. | Photo Credit: Ali Jarekjimore-inWorld’s largest oil company Saudi Aramco is looking to buy a stake in existing Indian refineries and expansion projects as well as the planned giant refinery on the west coast, Saudi Arabian Oil Minister Khalid al-Falih said today. “Aramco is also looking at other opportunities to buy into existing refineries in India as well as upgrades of existing refineries. One is the greenfield west coast refinery, which is already public, but there are discussions with expansions as well as buying stake into major existing refinery assets,” he said. Asked about the stake Saudi Aramco, the national oil company of Saudi Arabia, is looking in the west coast refinery, he said, “The more the better.

Source: The Hindu February 24, 2018 14:07 UTC