Cost of India refinery project with Aramco, ADNOC estimated at $70 billion

Topics Aramco | ADNOC | Oil refinery

The cost of a giant oil and petrochemicals refinery project to be built jointly by Saudi Aramco and Abu Dhabi National Oil Co. (ADNOC) in India is expected to reach $70 billion, WAM news agency reported on Wednesday. A joint economic council between the United Arab Emirates and Saudi Arabia reviewed the planned plant on Wednesday at a meeting on the sidelines of Saudi Crown Prince's visit to his Gulf ally.

"The initial cost is estimated at $70 billion," a statement said. The 1.2 million barrels-per-day (bpd) coastal.

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