The big question is how far India has become a favoured destination for the oil refineries to uproot their investments from Europe and elsewhere to plug and play here
The project is joint venture between Saudi Arabian oil companies, Aramco and Adnoc, and Indian companies, Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation
Last week, Petronas and a consortium led by Japan's JXTG Holdings Inc were among companies interested in buying a stake in Bina oil refinery
In June, RIL, along with its partner BP Plc, announced the sanction of the MJ project in Block KG-D6 on the eastern coast of India
Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices