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2018-04-11 13:10:00

SAUDI - INDIA'S REFINERY: $44 BLN

SAUDI - INDIA'S REFINERY: $44 BLN

PLATTS - India's state-run refiners and Saudi Aramco signed an agreement Wednesday to jointly build an integrated refinery and petrochemical complex on India's west coast at a cost of $44 billion, Saudi energy minister Khalid al-Falih said.

Aramco will hold a 50% stake in the project, he told reporters on the sidelines of the International Energy Forum in New Delhi.

Work will start in a phased manner and the entire project is expected to be completed by 2025, Aramco CEO Amin Nasser…

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Tags: SAUDI, INDIA, REFINERY, INVESTMENT

Chronicle:

SAUDI - INDIA'S REFINERY: $44 BLN
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

SAUDI - INDIA'S REFINERY: $44 BLN
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

SAUDI - INDIA'S REFINERY: $44 BLN
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

SAUDI - INDIA'S REFINERY: $44 BLN
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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