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Maharashtra mango farmers stymie Saudi Aramco's $44 billion refinery plan

Majority of the farmers from 14 villages around Ratnagiri that need to be relocated for the refinery project firmly oppose the plan.

Reuters  |  Mumbai/New Delhi 

At the International Energy Forum in Delhi in April, the world's top oil producer Saudi Aramco inked a preliminary deal to partner with a consortium of Indian players to build a $44 billion refinery and petrochemical project on India's west coast. The huge project was touted as a gamechanger for both parties - offering India steady fuel supplies and meeting Saudi Arabia's need to secure regular buyers for its oil. Despite the obvious benefits, though, the prospects for the plan - in the works since 2015 - are growing dimmer by the day. Thousands of farmers oppose the ...

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First Published: Thu, May 17 2018. 16:14 IST
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