Core Viewpoint - Saudi Aramco plans to acquire a 20% stake in a new refinery being built by Bharat Petroleum Corporation Limited (BPCL) in India, with a total investment of approximately $11 billion [1] Group 1: Investment Details - The refinery is located at the Ramayapatnam port on the southeastern coast of India and is designed to process between 180,000 to 240,000 barrels per day [1] - BPCL intends to sell 30% to 40% of its stake to external investors, with Saudi Aramco and Oil India Limited (OIL) being key participants [1] - BPCL has secured 6,000 acres of land necessary for the project, which is required to commence commercial operations by January 2029 as per the Andhra Pradesh government's stipulations [1] Group 2: Market Context - BPCL is the second-largest state-owned refiner in India and is actively expanding its crude processing and petrochemical capacity to meet the growing domestic demand [1] - For Saudi Arabia, this investment aims to secure long-term sales channels for its crude oil in key Asian markets [1] - Saudi Aramco is also in discussions with Oil and Natural Gas Corporation (ONGC) regarding another planned refinery in Gujarat [1]
沙特阿美拟入股印度新炼厂
Zhong Guo Hua Gong Bao·2026-01-06 04:14