Kuwait and Saudi Arabia have turned down India’s offer of oil equity in green field petroleum projects in the country.
Saudi Aramco, the world’s largest producer and exporter of crude, may invest about Rs 3,000 crore to pick up 10 per cent stake in Indian Oil Corporation (IOC) upcoming refinery
The government has offered a 10-per cent stake in the upcoming Paradip refinery of state-run Indian Oil Corp to Saudi Aramco for about $650 million, a government official told reporters
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