Saudi Aramco, the world’s largest oil exporter, on Wednesday said it was in talks with Reliance Industries and other Indian firms to invest in petrochemicals and refinery projects in the country.
“India is an investment priority for Saudi Aramco. There is a lot of growth potential. We are looking at additional investments in India. We are in discussions with other companies as well, including Reliance Industries,” Saudi Aramco CEO Amin Nasser said at the Saudi Arabian General Investment Authority’s Saudi Forum meet.
Reliance Industries, the country’s biggest refining and petrochemicals company running a 1.4-million-barrel-per-day (bpd) refinery, plans to expand the capacity to 2 million bpd by 2030, according to plans shared with the government.
