Big breakthrough: Aramco keen to partner in Modi's mega refinery project


New Delhi, Sep 12 (IANS): If all goes well, the world's leading oil company Saudi Aramco would soon be India's key strategic partner in Narendra Modi government's mega project, the West Coast Refinery, worth over Rs 4 lakh crore.

The refinery is to be set up at Raigad in Maharashtra where the state government has initiated a move for the acquisition of around 600 acres of land. The project, expected to be completed within five years, will not only fulfill the country's future oil requirements, but also make India one of the top global players in the refinery sector.

A senior official in the Petroleum Ministry told IANS that the top management of Saudi Aramco has shown keen interest in forging a strategic alliance with India for the West Coast Refinery, to be built as world's most advanced oil refinery.

"Union Petroleum Minister Dharmendra Pradhan on September 8 had a fruitful meeting with Prince Abdul Aziz bin Salman, the new Saudi Minister for Energy, in Jeddah in this connection.

"Pradhan was assisted by Joint Secretary B.N. Reddy and senior officials of Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL). The Saudi Minister reiterated his country's commitment on investments in India," said the official.

Sources said that Prime Minister Narendra Modi would be visiting Saudi Arabia, probably next month, where he would have talks with King Salman bin Abdulaziz and Crown Prince Mohammed Bin Salman. It is expected that decisive and positive talks over Saudi Arabia's strategic partnership in the West Coast Refinery project could be achieved.

Modi had announced the mega plant during his first term in 2016. Initially, the outskirts of Ratnagiri was selected as the site for the mega project. However, the farmers launched an agitation to shift the project from the district.

Finally in early 2019, Maharashtra Chief Minister Devender Fadnavis assured that the project would be shifted to Raigad for which the state government would acquire land.

At present there are around 24 oil refineries in India, majority of which belong to public sector. In the wake of India's growing oil and energy needs, a mega refinery like the one on the west coast with an expected capacity of 60 mmtpa is vital which would cater to the country's future requirements.

India also aims to increase its oil reserves for up to 100 days. Sources said that Saudi Aramco is also willing to provide reserve oil to India. In fact, Aramco, which is soon bringing in a much-awaited IPO, could be keen on projecting its huge investments and strategic partnership with India.

In July this year, the then Saudi Energy Minister and Chairman of Aramco, Khalid Al-Falih, visited New Delhi and held important talks with Petroleum Minister Dharmendra Pradhan. Both the ministers had discussions on enhancing India-Saudi hydrocarbon cooperation. The ministers also reviewed the progress on Saudi investments in oil and gas sector, including the West Coast Refinery project.

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Comment on this article

  • Samad, Udupi

    Fri, Sep 13 2019

    We don’t see the future for this project considering the fact that EV will take over the auto industries from 2022 onwards.
    Stating it strategic doesn’t make sense !

    DisAgree [4] Agree [9] Reply Report Abuse

  • William, Mangalore

    Fri, Sep 13 2019

    Talking about all electric vehicles within few years and planning to invest on refinery. If govt committed for electric vehicles why need of so much of investment on refinery. Govt is not serious.

    DisAgree [3] Agree [14] Reply Report Abuse

  • abdul munim, mangaluru

    Fri, Sep 13 2019

    Chaiwala brings business only to improve either the gujjuland or gujjus.
    This project invariably will be given to the Ambanis.
    Others in the country, especially andh bhakts are there only to say Modi Modi Modi and eat thrown crumbs of bread.

    DisAgree [20] Agree [15] Reply Report Abuse

  • Prashant Karkera, Hejamady/Mumbai

    Fri, Sep 13 2019

    Tyre puncture walas normally live pessimist & uninspiring life ....

    DisAgree [2] Agree [12] Reply Report Abuse

  • Sangram Sangam, Kundapur

    Fri, Sep 13 2019

    Abdulla ,3 Beevi Dozen bacche,Khuda ne diya hai lekin berojgari modi ka problem

    DisAgree [2] Agree [11] Reply Report Abuse

  • Menezes, Dubai

    Fri, Sep 13 2019

    It’s a good sign for job seekers!!!
    but media describes ,Narendra Modi government's mega project,( its Indian government ) and Modi's mega refinery project its Indian mega refinery project.

    DisAgree [6] Agree [15] Reply Report Abuse

  • Vishu, Udupi

    Fri, Sep 13 2019

    Thinking of starting POYYA supply business, if required for the project.

    DisAgree [2] Agree [7] Reply Report Abuse

  • Chowkidar Chor Hai!, Mangalore

    Fri, Sep 13 2019

    These hate-mongering chaddi bhakts led by feku maharaj keep saying all Muslims should be sent to Pakistan. So, why don't they tell Prince Abdul Aziz bin Salman to go to Pakistan.? Are these shameless chaddi bhakts scared that their chaddi nadas will come loose and the chaddis will drop?

    DisAgree [18] Agree [62] Reply Report Abuse

  • Pili, Mangalore

    Fri, Sep 13 2019

    Oh Modi's refinery project? In which country? What is the budget? Another baby for Ambani? Jago grahak Jago

    DisAgree [12] Agree [30] Reply Report Abuse

  • nazeer husain, kuwait

    Fri, Sep 13 2019

    EE REFINARY PETROL REFINE MAADUVA BADHALU MODIYA FASCIST RSS SANTHAANADA HRUDAYA REFINE MAADIDHARE INNOO UTHAMA. arabigalu kotta PEACE PRIZE innashtu zaakiya jaafrigalannu srushtisadhe irali

    DisAgree [10] Agree [15] Reply Report Abuse

  • Deshbhakht, Mangalore

    Fri, Sep 13 2019

    At-last, six years of roaming the world brought ONE investor !

    Think people, the percentage of this man's productivity.

    His photographs is alongside this news only. Not alongside those businesses closed down.

    DisAgree [9] Agree [24] Reply Report Abuse

  • David Pais, Mangalore

    Fri, Sep 13 2019

    dis illiterate rss chaiwala destroyed india's economy strongly built by congress. tuglaq-raaj's demonetisation & g.s.t. ruined indians jobless.

    DisAgree [13] Agree [20] Reply Report Abuse

  • Ahmed K. C., Mangalore

    Fri, Sep 13 2019

    Would we get the Petrol for Rs. 45 per litre and Diesel for 40 Rs per litre ?????
    I am only concerned about this. Otherwise, what the hell is breakthrough.

    DisAgree [4] Agree [24] Reply Report Abuse

  • Deshbhakht, Mangalore

    Fri, Sep 13 2019

    How is ONE refinery going to help one lakh industrial units closed down in Peenya alone ? Forget those closed down in the rest of the nation. Is ARAMCO going to hire these unskilled lower strata workers ?

    DisAgree [8] Agree [22] Reply Report Abuse

  • MM, Mangalore

    Fri, Sep 13 2019

    without Muslims support anti muslim govt and its bhakths won't survive.

    DisAgree [36] Agree [51] Reply Report Abuse

  • sk, Mangalore

    Fri, Sep 13 2019

    Thanks for your support

    DisAgree [3] Agree [32] Reply Report Abuse

  • Prashant Karkera, Hejamady/Mumbai

    Fri, Sep 13 2019

    We will be very much greatful if you stop supporting terrorism too ....

    DisAgree [7] Agree [26] Reply Report Abuse

  • Don, Mangalore

    Fri, Sep 13 2019

    More details of the project are needed to make comments, but what is fascinating to note are the following:

    1. Refineries pose a huge environmental concern to the Indian people need to know the full extent of the costs and changes it will bring to the environment and to all living beings and plant life. Would a refinery that big a size effect the monsoon rains that an overwhelming population depend on.

    2. While the West and North America the trend is going more towards building electric cars and reducing the dependence on gasoline.

    3. Why would the Saudi's want to build such a huge refinery in India, rather than build in Saudi Arabia. Perhaps two reasons would be is to refine the oil with very low cost an inexpensive Indian labour and no environment concerns for having the refineries in India.

    DisAgree [6] Agree [25] Reply Report Abuse

  • flavian dsouza, chik/bengaluru

    Fri, Sep 13 2019

    Refinery business is close to PM's heart ..because there is RELIANCE

    DisAgree [18] Agree [41] Reply Report Abuse

  • VR, Udupi

    Fri, Sep 13 2019

    Investments coming to India will bring in money and jobs which is a positive development. At the same time, India should also plan for increase use of electric vehicles. The demand for petroleum based vehicles will gradually go down while those powered by electricity will increase. Sure, the imported natural gas and oil can be used for generating electricity since there will be greater demand for electricity for recharging those electric vehicles.

    DisAgree [3] Agree [18] Reply Report Abuse

  • Mangalurian, Mangaluru

    Fri, Sep 13 2019

    Cannot see what the breakthrough might be.

    The matter has been around for while.

    Perhaps the Gujju-bhai was looking to take some credit... yet again.

    DisAgree [8] Agree [27] Reply Report Abuse

  • Wilfred J. Lewis, Matpady-Brahmavar/ New York, USA

    Fri, Sep 13 2019

    The most welcome and long awaited project, certainly eliminate India's current oil dependency from imports and save huge amount of foreign reserves. Superb plan...

    DisAgree [12] Agree [17] Reply Report Abuse

  • Anantha Krishna, Mangalore

    Fri, Sep 13 2019

    Saudi Arabia knows that there will be no demand for its oil in near future as west is moving towards renewable energy. Saudi Aramco wants to capture the market my investing in India, Malaysia, South Korea so that they can definitely sell their huge oil reserve to these refineries.

    DisAgree [5] Agree [22] Reply Report Abuse

  • Mohan, Kudla kori

    Fri, Sep 13 2019

    It's not modis project. It's his god father gujju Ambani s looted refinery
    Ambanis oil mutti mein. Modi njoys Nri tour nd signing up deals vth Saudi.

    DisAgree [14] Agree [28] Reply Report Abuse

  • ad, mangaluru

    Fri, Sep 13 2019

    Modi is "hand in hand "with a terrorizing and warring country with Yemen. And he is worried about global terrorism.

    DisAgree [13] Agree [20] Reply Report Abuse

  • Jossey Saldanha, Atlanta

    Fri, Sep 13 2019

    Mukesh Ambani is the Third Partner ...

    DisAgree [13] Agree [30] Reply Report Abuse

  • Prashant Karkera, Hejamady/Mumbai

    Fri, Sep 13 2019

    Pessimism takes over you, if you spend life without a partner ....

    DisAgree [6] Agree [7] Reply Report Abuse

  • Alwin, Mangalore

    Thu, Sep 12 2019

    ARAMCO is not going with RIL?

    DisAgree [4] Agree [14] Reply Report Abuse

  • AMAR NATHAL, MANGALORE

    Thu, Sep 12 2019

    Also, by August 15, 2022, when India celebrates its 75th Independence Day, the government is planning to have a new Parliament building — either a brand new one or a redeveloped version of the existing historic building.
    Then all our economic problems will solved from the New Parliament building by our unusually notorious politicians.

    DisAgree [1] Agree [18] Reply Report Abuse

  • Praveen, Bantwal

    Thu, Sep 12 2019

    They Don't use muslim country product.

    DisAgree [7] Agree [20] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Thu, Sep 12 2019

    Train expert.....

    DisAgree [5] Agree [7] Reply Report Abuse

  • suhail Hussain, mangalore

    Thu, Sep 12 2019

    What about Bhakths , who dont sit inside muslim cab drivers, who dont eat from muslim delivery guys food ..... I guess they wont use petrol coz saaudi is a muslim country and Prince Abdul Aziz bin Salman is also muslim..... jai Hind

    DisAgree [10] Agree [25] Reply Report Abuse

  • Dr.S.Kamath, Mumbai

    Thu, Sep 12 2019

    Burnol moment for Anti Modi Brigade

    DisAgree [39] Agree [26] Reply Report Abuse

  • Chandu, Karla

    Fri, Sep 13 2019

    Kamath Maam,
    Too early for you yo celebrate. Let the egg hatch and chick come out. I believe burnol is out of market now after FM's announcement on Ola and Uber. Think prescribing some alternate.

    DisAgree [9] Agree [40] Reply Report Abuse

  • RRS, Bangalore

    Fri, Sep 13 2019

    @Dr.Kamath,
    Don't be so happy by this announcement,
    I feel its 'Burnol' moment for people like you.....i mean Andh Bhakts
    After all Saudi Arabia is a muslim country and also it knows very well that there will be no demand for its oil in near future as west is moving towards renewable energy.

    DisAgree [6] Agree [27] Reply Report Abuse


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