Cost of India refinery project with Aramco to rise: oil minister - Reuters:
India’s planned giant refinery and petrochemical project, which is being built with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), will cost more than the originally planned $45 billion, India’s oil minister said on Tuesday.
The 1.2 million barrels-per-day (bpd) giant coastal project is part of India’s plans to raise its refining capacity by 77% to 8.8 million bpd by 2030. It is being built at Roha, around 100 km (62 miles) south of Mumbai.
“The primary plan was around $45 billion, it will be more than that,” Dharmendra Pradhan told reporters at the World Energy Congress in Abu Dhabi, declining to say by how much.
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