Saudi Aramco opens of­fice in In­dia

Chemical Industry Digest - - News & Views -

Saudi

Aramco opened an of­fice in In­dia to boost its crude sales in the world’s third-largest oil con­sum­ing na­tion.

Saudi Aramco CEO Amin H Al-Nasser in­au­gu­rat- ed the of­fice of the com­pany’s sub­sidiary, Aramco Asia In­dia, at Gu­ru­gram, New Delhi . “For Saudi Aramco and the King­dom of Saudi Ara­bia, In­dia rep­re­sents much more than a val­ued cus­tomer or even a ma­jor sup­plier of ser­vices and ma­te­ri­als. To­day, In­dia is an in­vest­ment pri­or­ity,” said Nasser.

Aramco In­dia plans to ex­pand its op­er­a­tion by in­tro­duc­ing hy­dro­car­bon sec­tor func­tions, in­clud­ing engi­neer­ing ser­vices, IT op­er­a­tions and se­cu­rity and also R&D cen­tre in the near fu­ture. Saudi Aramco in­tends to part­ner with In­dian com­pa­nies and set up in­te­grated busi­ness ven­tures in the hy­dro­car­bon value chain in In­dia, in­clud­ing to boost ‘Make in In­dia’ ac­tiv­i­ties.

Saudi Aramco’s Of­fice in In­dia will help in strength­en­ing the ex­ist­ing buyer-sup­plier re­la­tion­ship be­tween the two sides to a strate­gic part­ner­ship in the hy­dro­car­bon sec­tor, Nasir said. Saudi Aramco is in­vest­ing in re­finer­ies in ma­jor mar­kets to lock in cus­tomers ahead of its ini­tial pub­lic of­fer­ing next year.

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