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
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