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Tuesday, November 19, 2024

Home Top News Saudi, UAE discuss $70B crude refinery project in India

Saudi, UAE discuss $70B crude refinery project in India

by admin
November 29, 2019
in Top News

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Abu Dhabi

Saudi Arabia and the United Arab Emirates discussed a planned refinery in the western Indian state of

Maharashtra that will cost at least $70 billion, a figure that exceeds the initial $44 billion estimate

previously announced.
The new figure came from a read-out of a meeting in the UAE between Saudi Crown Prince Mohammed bin

Salman and Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan on Wednesday evening.
The statement said the two sides discussed the initiative, first announced in 2018, to develop the

refinery and petrochemicals complex, which would secure the supply of 600,000 barrels per day of Saudi

and Emirati crude oil for Indias market.—AP