Uncertainty over India’s $70bn refinery project

In June 2018, two major government-owned oil companies based in the Persian Gulf region, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), jointly signed a memorandum of understanding for setting up the world’s largest single-location refinery in Ratnagiri district of India’s Maharashtra state. A consortium comprising three Indian state-owed companies, Bharat Petroleum Corporation Ltd (BPCL), Indian […]