Saudi Aramco opens office in India
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.