India Oil Corp and Aramco downstream project

India’s top refiner has said that it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coast.
India, the world’s third biggest oil consumer, plans to build a 1.2 million barrels per day (bpd) refinery to petrochemical project in the country’s west coast to feed its growing fuel demand.
"They are interested in projects and we have just started (talks)…It’s very, very preliminary discussions," B. Ashok, Chairman of Indian Oil Corp. told reporters when asked if his firm is in talks with Aramco on the west coast project.

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