World & BusinessUAE and Saudi Arabia reportedly keen to invest in India's refining sector
The Economic Times reports that India aims to raise its refining capacity to 6.2–6.4 million barrels a day, up from approximately 5.4 million.
TLDR
The UAE and Saudi Arabia are keen to invest in India's refining sector, The Economic Times reports, citing Hardeep Singh Puri. The report describes the prospective investments as aimed at accessing India's growing downstream market. India wants to expand refining capacity to 6.2–6.4 million barrels a day from approximately 5.4 million, while Puri noted the significant cost of building new refineries.
UAE and Saudi Arabia reportedly keen to invest in India's refining sector
The Economic Times reports that India aims to raise its refining capacity to 6.2–6.4 million barrels a day, up from approximately 5.4 million.
TLDR
The UAE and Saudi Arabia are keen to invest in India's refining sector, The Economic Times reports, citing Hardeep Singh Puri. The report describes the prospective investments as aimed at accessing India's growing downstream market. India wants to expand refining capacity to 6.2–6.4 million barrels a day from approximately 5.4 million, while Puri noted the significant cost of building new refineries.