Mega refinery by Indian consortium, Saudi Aramco
An indian consortium of iocl, BPCL and HPCL and saudi Aramco have inked a memorandum of understanding (Mou) to develop and build an integrated refinery and petrochemicals complex, ratnagiri Refinery & Petrochemicals ltd (rrpcl), in Maharashtra. saudi Aramco may also seek to include a strategic partner to co-invest in the project.
The strategic partnership brings together crude supply, resources, technologies, experience and expertise of these multiple oil companies with an established commercial presence around the world.
The refinery will be capable of processing 1.2 million barrels of crude oil per day, which means 60 million metric tonnes per annum. It will produce a range of refined petroleum products, including petrol and diesel meeting Bs-vi fuel efficiency norms. It will also provide feedstock for the integrated petrochemicals complex, which will be capable of producing around 18 million tonnes per annum of petrochemical products.
The project cost is around ₹3 lakh crore or us$ 44 billion.