Published on 8 Oct 2024 on Offshore Technology · via Yahoo Finance
Saudi Arabia is considering investment opportunities in Indian Government-backed Bharat Petroleum Corporation Limited’s (BPCL) new refinery project, reported Moneycontrol, citing sources.
The potential investment aligns with the kingdom's $100bn (Rs8.4trn) investment intentions for India.
BPCL is in the preliminary phase of establishing a refinery to cater to the country's escalating energy needs and is currently finalising a location for this venture.