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Saudi Aramco is in investment discussions with companies in India. Saudi Arabia is boosting its investments in refining and petrochemicals across Asia to secure new markets for its crude. In 2018, Saudi Aramco and Dhabi National Oil Company (ADNOC) attempted to set up a refinery and petrochemical plant in western Maharashtra but failed. With India being the third-largest importer and consumer of oil, Aramco's participation in the strategic petroleum reserve (SPR) program will strengthen India-Saudi relations while allowing Saudi to upkeep its downstream expansion strategy.

Saudi Aramco in investment discussions with Indian companies

Saudi Aramco is in investment discussions with companies in India. Saudi Arabia is boosting its investments in refining and petrochemicals across Asia to secure new markets for its crude. In 2018, Saudi Aramco and Dhabi National Oil Company (ADNOC) attempted to set up a refinery and petrochemical plant in western Maharashtra but failed. With India being the third-largest importer and consumer of oil, Aramco’s participation in the strategic petroleum reserve (SPR) program will strengthen India-Saudi relations while allowing Saudi to upkeep its downstream expansion strategy.

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