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Saudi Oil Giant Aramco Eyes Investment in Indian Refineries

Summary by Oil Price

Saudi Aramco, the world’s top oil firm and single biggest crude exporter, is in discussions to invest in two planned refineries in India, sources in India told Reuters on Thursday. State-owned Indian refiners plan to build several new crude processing plants to meet soaring fuel and petrochemicals demand in the world’s third-largest crude oil importer. Saudi Arabia, for its part, looks to lock in future term sales for its crude in the top Asian …

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Saudi Oil Giant Aramco Eyes Investment in Indian Refineries

8 days ago·London, United Kingdom

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Vogon Today

India will exploit its enormous oil resources with large investments - Economic Scenarios

India's heavy dependence on oil imports leads to huge capital outflows and a weakening of the rupee. India imports 87% of its oil, mostly from Russia, Iraq, Saudi Arabia, the United Arab Emirates and the United States. India spent $132.4 billion on crude imports in the 12 months to mid-2024, down 16% year-on-year thanks to falling oil prices, but you can't always hope for that. Fortunately, India has significant oil reserves. Last year, S&P Glob…

6 days ago

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Oil & Gas 360

Saudi Arabia set to slash oil prices to Asia amid falling benchmarks – Oil & Gas 360

(Oil Price) – Saudi Arabia, the world’s top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. Saudi oil giant Aramco is set to slash its official selling price (OSP) for the Arab Light grade by between $1.80 and $2 per barrel to Middle Eastern benchmarks for cargoes l

7 days ago·Denver, United States

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mees.com

Saudi Oil Export Revenues Start 2025 At Eight-Month High

A geopolitical-driven price spike lifted Saudi oil export revenues to their highest level since May 2024 in January. Subsequent price drops will have drive...

7 days ago

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quatrostrategies.ca

Saudi Aramco in talks to invest in Indian refineries to lock in crude sales

Saudi Aramco in talks to invest in Indian refineries to lock in crude sales March 27, 2025 Posted by: Quatro Strategies Categories: India, Middle East, Oil & Gas No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important;}.vc_custom_153364027543…

8 days ago

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AGBI

Saudi Aramco considering investment in Indian refineries

Aramco in Indian talks India is a major oil importer Seeking flexibility in sourcing Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable outlet for its crude in the world’s fastest-growing emerging market, several Indian sources with direct knowledge of the matter said. India, the world’s third-biggest oil consumer and importer, wants to become a global refining centre as Weste…

8 days ago

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