Saudi Aramco will venture into fuel retailing in India only after the proposed $44 billion refinery-cum-petrochemicals complex is ready, CEO Amin H Nasser told ET in an interview.
“We are not getting into retail without having a manufacturing hub,” he said.
The company will pick a local partner for the retail venture, he said, without specifying any preference. The three partners (Indian Oil, Bharat Petroleum and Hindustan Petroleum) in the proposed refining complex already have a retail presence in the country. “Each partner will have their own brand ( in fuel retailing). We would also like to have our own brand,” he said. Read More