Saudi Aramco eyes major stake in new $11 billion Indian refinery
December 30, 2025
(Oil Price)– Saudi Aramco is poised to buy a 20% stake in a new refinery that India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) plans to build with a total investment of about $11 billion, Indian news outlet Business Standard reports. BPCL plans to have the refinery built at the Ramayapatnam port in the state of Andhra Pradesh on the
