Saudi Aramco Plans ‘Mega Investment’ in World's Top Oil Guzzler
- Oil producer to invest in refining, petrochemicals, renewables
- India to be among the fastest growing oil markets through 2040
Saudi Aramco Said to Prepare for Delayed IPO
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Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market.
Saudi Arabian Oil Co. aims to create a fully integrated business in India and is interested in partnering on a planned refinery project on the country’s west coast, Chief Executive Officer Amin Nasser said Monday in New Delhi. Investing in the plant, which is slated to be among the world’s largest, follows efforts by the producer known as Saudi Aramco to bulk up on refining assets ahead of what could be the biggest-ever initial public offering.