{"id":378741,"date":"2020-10-16T10:40:56","date_gmt":"2020-10-16T05:10:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378741"},"modified":"2020-10-16T10:40:56","modified_gmt":"2020-10-16T05:10:56","slug":"saudi-aramco-adnoc-committed-to-44-billion-west-coast-refinery-project-ioc-chairman","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-adnoc-committed-to-44-billion-west-coast-refinery-project-ioc-chairman\/","title":{"rendered":"Saudi Aramco, Adnoc committed to $44 billion west coast refinery project: IOC Chairman"},"content":{"rendered":"<p>New Delhi: Saudi Arabian Oil Co (Saudi Aramco) and Abu Dhabi National Oil Co (Adnoc) are still committed to investing in the planned USD 44 billion west coast refinery-cum-petrochemical project, the Chairman of the project&#8217;s lead Indian partner said on Thursday. Saudi Aramco&#8217;s talks to buy a 20 per cent stake in Reliance Industries Ltd&#8217;s oil-to-chemical business for USD 15 billion, coupled with a crash in oil prices, slowing down of fuel demand, and land issues facing the west coast project had led to speculations of waning interest of the world&#8217;s largest oil exporter in the project.<\/p>\n<p>&#8220;Both Adnoc and Saudi Aramco are still committed to the investments in the project,&#8221; Indian Oil Corp (IOC) Chairman Shrikant Madhav Vaidya said at Energy Intelligence Forum 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Saudi Arabian Oil Co (Saudi Aramco) and Abu Dhabi National Oil Co (Adnoc) are still committed to investing in the planned USD 44 billion west coast refinery-cum-petrochemical project, the Chairman of the project&#8217;s lead Indian partner said on Thursday. Saudi Aramco&#8217;s talks to buy a 20 per cent stake in Reliance Industries Ltd&#8217;s oil-to-chemical business for USD 15 billion, coupled with a crash in oil prices, slowing down of fuel demand, and land issues facing the west coast project had led to speculations of waning interest of the world&#8217;s largest oil exporter in the project. &#8220;Both Adnoc and [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-378741","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=378741"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378741\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}