Mega re­fin­ery by In­dian con­sor­tium, Saudi Aramco

Governance Now - - INTERVIEW -

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.

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