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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Aramco signs a memorandum with India to build an oil refinery with a capacity of 60 million tons

    Rocky
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     Aramco signs a memorandum with India to build an oil refinery with a capacity of 60 million tons Empty Aramco signs a memorandum with India to build an oil refinery with a capacity of 60 million tons

    Post by Rocky Wed Apr 11, 2018 3:57 am

    Aramco signs a memorandum with India to build an oil refinery with a capacity of 60 million tons






    2018/04/11 10:48


    (Encyclopedia of this Day News | Iraq News ) - Follow - up / Tomorrow Press: signed by Saudi Aramco, on Wednesday, a memorandum of understanding with India to build an oil refinery capacity of 60 million tons per year and a petrochemical plant on the coast Gharba.ozkr chief executive of Aramco Amin Nasser said he hoped to The Indian West Coast refinery would be ready by 2025.

    In the same context, Saudi Energy Minister Khalid Al-Falih stressed that Aramco will not stop discussing other investment opportunities in India. He added that during the signing of a memorandum of understanding between Saudi Aramco and Indian state refineries regarding its 1.2 million barrels per day refinery capacity, Saudi Arabia will supply at least 50 percent of the crude to the West Coast refinery, while petrochemicals will account for 30 percent of the planned production capacity of the Sahel complex, he said. Western West Adult 60 million tons per year.

    Aramco wants to enter India's fuel retail sector, he said.

    Al-Faleh said that OPEC is seeking a strong balance between supply and demand and a large part of the oil supply has been liquidated. 

    But revealed that oil investments are not keeping pace with demand. 

    He stressed that "Saudi Arabia, the world's largest oil exporter, will not stand idly by as the supply of crude returns to the market again, but does not want prices to rise to" unreasonable levels. "Al-Faleh That the market has already eliminated a large part of the surplus supply, which pressed the price of oil as members of the Organization of the Petroleum Exporting Countries (OPEC) to achieve a stronger balance between supply and demand.



    Note: The content entitled "Aramco signs a memorandum with India to build a 60 million ton oil refinery" was first published on Al-Ghad Press. The encyclopedia of this news day does not contain its content in any way. 
    You can see the details of this address (Aramco signs a memorandum with India to build a 60 million ton oil refinery) through its original source (Al-Ghad Press).



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