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Saudi ARAMCO And ADNOC Sign MoU For Greenfield Ratnagiri Refinery Cum Petchem Project

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June 26

Saudi ARAMCO And ADNOC Sign MoU For Greenfield Ratnagiri Refinery Cum Petchem Project

Saudi Aramco and ADNOC on Monday signed an MoU today to jointly develop and build an integrated refinery and petrochemicals complex at Ratnagiri in Maharashtra.

The project will be implemented by Ratnagiri Refinery & Petrochemicals Ltd. (RRPCL). The MoU was signed between Saudi Aramco President and CEO, Amin H. Nasser and Dr. Sultan Ahmed Al Jaber, UAE Minister of State & ADNOC Group CEO.

The signing was witnessed by Sheikh Abdullah bin Zayed bin Sultan Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, who is on an official visit to India, and Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship, Government of India.

“The investment by Saudi ARAMCO and ADNOC in the $ 44 billion project will be the highest ever overseas investment in the Indian refining sector. The significance, however, goes much beyond FDI,” minister a Pradhan said.

energyinfrapost.com/sa…

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