Saudi Aramco-backed Ratnagiri refinery may be shifted to Raigad
By Money Control 11-Jul-2019
“The refinery may come up in Roha. The companies involved have given their consent. The Maharashtra chief minister is likely to make a formal announcement next month," said one of the officials cited above.
RRPCL is a joint venture between Saudi Aramco, Abu Dhabi National Oil Company (Adnoc), and three state-run oil marketing companies, Indian Oil Corp. (IOCL), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. (BPCL). Saudi Aramco and Adnoc will jointly own 50% of the refinery, with the remaining 50% being owned by the Indian oil companies. The land bank for the project could be around 10,000 acres.
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