NEW DELHI: Saudi Aramco is in talks with Reliance Industries Ltd for investing in petrochemicals and refinery projects in India, even as the $44-billion mega-refinery project proposed to be built at Ratnagiri in Maharshtra, in which the World’s largest oil exporter has a substantial stake, has tripped on land hurdle.
“There is a lot of growth potential. We are looking at additional (besides the Ratnagiri refinery) investments in India. We are in discussions with other companies as well, including Reliance Industries,” company CEO Amin Al-Nasser, who is here as part of the delegation accompanying crown prince Mohammed bin Salman, told reporters on Wednesday.
