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OEF Rapid Review

India is particularly important for Aramco, which is looking for refinery stakes in major oil-consuming economies to lock in customers ahead of its Initial Public Offering next year. Aramco’s talks with Indian state-run refiners are not limited to locking in sale of crude but also encompasses increased LPG supplies and a foothold in petrochemicals and fuel retail businesses. India has already surpassed Japan as the world’s third largest oil consumer and is expected to overtake China. The country’s oil consumption growth is projected to be the fastest among all major economies over the next two decades.
LINK TO THE SOURCE ARTICLE:
Saudi Aramco Taps Into India’s Opportunities

 


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