NEW DELHI: With an aim to resurrect a $44 billion (Rs 3.08 lakh crore) refinery project, India has invited Saudi Arabia to invest in the former’s strategic oil reserve.
Saudi energy minister Khalid Al Falih, on his second visit to India in three weeks, discussed with its Indian counterpart Dharmendra Pradhan on the 60 million tonne (MT) a year mega oil refinery cum petrochemical complex in Maharashtra’s Ratnagiri district. The initially allocated land was denotified by the state government earlier this month, as part of the electoral understanding between the ruling BJP and Shiv Sena.
