Saudi Arabia’s National Oil Company, Saudi Aramco, is in discussions with India’s private sector refiner Reliance Industries Ltd and others for expanding its business here.
Saudi Aramco CEO, Amin Al Nasser, said, “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.”
MoUs and pacts
He was speaking at the Saudi Arabian General Investment Authority’s (SAGIA) Saudi Forum. SAGIA also announced the signing of four investment agreements worth more than $28 million and 11 memoranda of understanding (MoUs) at the Saudi-India Forum.
