News
05 January 2026

Saudi Aramco eyes major stake in new $11bn Indian refinery

In:
Oil & gas
Region:
Asia-Pacific, Middle East & Africa

Saudi Aramco is set to acquire a 20% stake valued at about $2.2 billion in a new $11 billion refinery project developed by Bharat Petroleum Corporation Limited (BPCL) in India, earmarked for the Ramayapatnam port in Andhra Pradesh. BPCL, which is India's second-largest state-owned refiner,...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Video
19 December 2025

Proximo In-Depth: The 2025 Festive Trends

Proximo talks to a panel of industry experts about the top project finance trends from 2025 and what those trends might mean for the market in 2026. Our panellists are Ian...

Perspective
23 December 2025

On Your Radar for 2026: The Must-Watch Trends From 2025

These trends are already shaping what 2026 will look like. Our new video recap blends expert commentary from recent articles, key data snapshots, and highlights from our event...