Thursday, 28 November 2019

Cost of India refinery project with Aramco, ADNOC estimated at $70 billion - Reuters

Cost of India refinery project with Aramco, ADNOC estimated at $70 billion - Reuters:

The cost of a giant oil and petrochemicals refinery project to be built jointly by Saudi Aramco and Abu Dhabi National Oil Co. (ADNOC) in India is expected to reach $70 billion, WAM news agency reported on Wednesday.

A joint economic council between the United Arab Emirates and Saudi Arabia reviewed the planned plant on Wednesday at a meeting on the sidelines of Saudi Crown Prince’s visit to his Gulf ally. 

“The initial cost is estimated at $70 billion,” a statement said.

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