India set to give Saudi Aramco 50% stake in planned mega refinery

India set to give Saudi Aramco 50% stake in planned mega refinery

Photo: Reuters

India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million-barrel-per-day (bpd) refinery on its west coast, said an industry source with knowledge of the deal, a move that would give the kingdom a new outlet for its oil.

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