A deal has been signed between Saudi Arabia’s state-run oil company Aramco and Indian public sector oil companies to build a $60-billion oil refinery in Maharashtra. Regarding the opportunities, India started with Aramco. It has taken a decision to build a refinery and it is a huge investment, it’s a commitment; waiting for the Government of India to choose the land.
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Initially, the project was to be built in Ratnagiri in Maharashtra but it was later decided that Raigarh would be the site where the refinery would be built by Saudi Aramco, Adnoc of the United Arab Emirates (UAE), Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation. Once built, the Raigarh refinery would be the world’s largest greenfield refinery.
