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Land acquisition woes thwart India's mega refinery plan with Saudi Aramco

Reuters  |  MUMBAI/NEW DELHI 

By Rajendra Jadhav and Nidhi VermaMUMBAI/NEW DELHI (Reuters) - 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 ...

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First Published: Thu, May 17 2018. 20:01 IST
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