AT the International Energy Forum in Delhi in April, the world’s top oil producer Saudi Aramco inked a preliminary deal to partner with a consortium of Indian players to build a US$44 billion refinery and petrochemical project on India’s west coast.
The huge project was touted as a game-changer for both parties – offering India steady fuel supplies and meeting Saudi Arabia’s need to secure regular buyers for its oil. Despite the obvious benefits, though, the prospects for the plan – in the works since 2015 – are growing dimmer by the day.
Thousands of farmers oppose the refinery and are refusing to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood. Read MoreRead More
Latest posts by Business Times (see all)
- Malaysia’s Petronas Buys 25% Stake In LNG Canada Project - May 31, 2018
- Prospects for India’s mega refinery project grow dimmer - May 18, 2018
- India’s Adani Drops Contractor For Australian Coal Mine - December 18, 2017