India’s Maharashtra Identifies Site for Saudi Aramco, ADNOC’s Refinery
06.24.2019 By Greta Talmaci - NEWS

June 24, 2019 [Gulf Business] – India’s Maharashtra state has identified a new site for the planned $44bn oil refinery that state-run firms are building with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), Chief Minister Devendra Fadnavis said on Wednesday.

The new site in western Maharashtra would be at Raigad district, about 100 kms south of the country’s financial capital Mumbai.

The refinery was initially proposed to be built at Nanar, a village in Ratnagiri district, some 400 kms south of Mumbai.

But thousands of farmers refused to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood.

The protests forced the Maharashtra government to suspend the land acquisition process for a refinery in Nanar.

The 1.2 million barrels per day refinery and associated petrochemical project is seen as a game changer – offering India steady fuel supplies and meeting Saudi Arabia and ADNOC’s need to secure regular buyers for their oil.

In Raigad, the state-run City and Industrial Development Corporation plans to acquire land from 40 villages for the refinery, Fadnavis said in a written reply to state lawmakers.

State run companies – Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum – own 50 per cent of the Ratnagiri Refinery & Petrochemicals Ltd (RRPCL), the company that is building the project. Saudi Aramco and ADNOC hold the remainder.

————-

Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More