Bid & Tender
Aramco Plans to Invest in Indian Refinery

Date : Feb 13, 2018

Saudi Aramco views India as a very important investment destination and plans for a refinery in the country are crystallising, said the Saudi Arabian oil giant's president and CEO.


Aramco wants to expand further in Asia as part of Saudi Arabia's drive to diversify its economy, Amin Nasser said in interview.


Saudi Aramco is looking at additional investments in China, and India is also a very important destination which we are giving great consideration and [where we are] currently in discussion with some companies, said Nasser.


Speaking on Aramco's planned initial public offering (IPO) Nasser said the company is prepared for a listing in the second half of 2018.


Saudi government plans to float up to 5 per cent of its shares worth a record $100 billion.