Ratnagiri refinery: Pradhan says open to offer majority stake to Aramco
Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramco’s interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri, which when completed will be the largest single location refinery complex in the world with a capacity of 60 million tonne. Saudi Aramco has reportedly sought majority ownership in the mega refinery-cum-petrochemical complex for which state-owned oil firms Indian Oil, Bharat Petroleum and Hindustan Petroleum have inked an agreement. “Aramco is in discussions with us. We have held many rounds of talks…
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