The project cost is estimated at around $44 billion. "Investing in India is a key part of our company's global downstream strategy, and another milestone in our growing relationship with India," said Saudi Aramco president Amin Nasser. "The signing marks a significant development in India's oil and gas sector, enabling a strategic joint venture and investment partnership that will serve India's fast-growing demand for transportation fuels and chemical products. "If the market is ready in 2018, we will go in 2018. If not, we will wait until 2019," Mohammed al-Jadaan said of the giant initial public offering.

Source: Economic Times April 11, 2018 14:48 UTC