Apr 13 2018
The refinery at Ratnagiri in Maharashtra will be handle up to 1.2 million barrels of oil a day, the Saudi company said in a statement after signing a memorandum of understanding with Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.
Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL) will rank among the largest world refining and petrochemicals projects and will be created to meet Indias fast-growing fuels and petrochemicals demand.
India-the world's third largest oil consumer-has been pushing for reasonable crude oil pricing from The Kingdom. "We have seen an inflection point into economic as well as energy demand and the companies have also grown to appreciate the values that Saudi Aramco and the Kingdom bring in terms of reliability and consistency of energy supplies", he added.
The signing of the mega refinery project in India followed Saudi Aramco's deal with French energy firm Total for a $5bn petrochemical complex in Jubail, Saudi Arabia, as well as the finalisation of its petrochemical joint ventures with Malaysia's state-owned oil and gas firm PETRONAS. If things go to plan, RRPCL will go a long way in meeting India's fast-growing fuels and petrochemicals demand.
Trump Keeps His Syria Attack Options Open as Russia Urges Calm
Donald Trump and Western allies are in talks over a possible military strike against Syria . President [Vladimir] Putin, Russia and Iran are responsible for backing Animal Assad.
Marvel's Avengers: Infinity War Gets A New Featurette About Family
Starting today, Fandango is offering limited edition " Avengers: Infinity War " collectible movie character gift cards. Lastly, Mark Ruffalo calls Downey Jr.as the "godfather" among the Avengers cast because of the journey he has made.
Jury picked for Cosby's sex assault retrial
The original retrial was due to begin in November 2017 but was pushed back six months after Cosby hired the new lawyers. The state insisted that is not the case, and pointed out that two black people have already been seated on the panel.
The 50 per cent of the crude requirement of the project will be met by Saudi Arabia.
New Delhi: Kuwait Petroleum International is likely to buy stake in an Indian refinery-cum-petrochemical project, said Nabeel Bourisli, the company's chief executive officer, on Wednesday. The new facility will be integrated with an existing oil refinery-itself a joint venture between Aramco and Total.
Saudi Aramco is also participating as sponsor of the forum which opened today (April 10) and will run until April 12.
"The projects will have risks, the markets will have risk, but India has no risk and have told the Aramco team to assign zero political and regulatory risk to India and treat it as part of Saudi Arabia", he told reporters. "We're looking to global gas to identify opportunities for gas that we can also bring to the kingdom", he said. However, B Ashok, the CEO of RRPL, reportedly claimed that the project is well on its course and is expected to be ready by 2025.
Apr 13 2018
Toys R Us receives several $1bn bids for its Asia unit
Moorfields has been managing the administration of the bust company, after it was unable to pay a 15 million pound tax bill. Failed US toy-store chain Toys'R'Us reportedly plans to sell its Asia business for more than one billion dollars.
Apr 13 2018
Almost 260 dead in military plane crash in Algeria
Algeria's defense ministry was quoted by state TV as saying that 247 passengers and 10 flight crew were among those killed. Most merchants near the airbase remained closed for business in a mark of respect for the dead and their families.
Apr 12 2018
Alleged Toronto serial killer now charged with seven counts of first-degree murder
The 66-year-old landscaper appeared by video in a Toronto courtroom this morning, where the new charge was announced. Investigators believe McArthur met his modern-day victims in Toronto's Gay Village neighborhood through dating apps.
Apr 11 2018
Mega Man X Legacy Collection Confirmed As Two Releases
Mega Man X Legacy Collection 1 and 2 will release on PC, PS4, Switch and Xbox One July 24 digitally for $19.99 each. With additional leaderboard support, you'll be able to compare your best time and see how you stack up!
Apr 10 2018
Brock Lesnar Resigns With WWE, Steel Cage Match Announced
WWE owner Vince McMahon still wants to keep Lesnar in the company as he views him and Ronda Rousey as the two biggest attractions. Nakamura embraced Styles and kneeled to present the WWE Championship to him, only to hit Styles with a low blow and attack him.
Apr 09 2018
Cricket memorabilia sells for thousands at auction
A range of Australian artwork also attracted high price tags, with various paintings selling for between $70,000 and $360,000. The pair sold for 10,000 Australian dollars, while Sotheby's had anticipated between 10,000 and 15,000 Australian dollars.
Apr 08 2018
Salman Khan arrives in Mumbai, receives grand welcome by fans - See photos
A meeting was arranged in the visitor's room, where they had a chat for about half an hour. As per latest reports , the bail plea order pronouncement has now been pushed to 3 pm.
Apr 06 2018
Tony Finau in second place after round one of the Masters
Finau, ranked No. 34 in the world, ended up withdrawing from the event but stuck around for the final two holes. But in a message to his fans on Twitter last night, Finau admitted he wasn't too anxious about the incident.
Apr 06 2018
Migrants set for Rwanda freed after relocation deal collapses
Yahya Sinwar (in center, with binoculars), the political chief in Gaza for the Palestinian terrorist organization Hamas. President Donald Trump's December 6 decision to recognise Jerusalem as Israel's capital, and to move the U.S.
Apr 05 2018
Black Caps cling on for thrilling draw with England in second test
But Sodhi was determined on not giving up and he got an able partner in Neil Wagner who just blocked and blocked and blocked. Time ran out in the contest and New Zealand wrapped up what was only their fourth series win against England in 36 attempts.
Apr 13 2018Sanders slams Trump's proposal to rejoin Trans-Pacific Partnership
Apr 12 2018Local Doctors Push For Organ Donations During National Donate Life Month
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Apr 11 2018Hungary: Independent Media, Freedom of Expression Struggle Following Viktor Orban's Re-Election
Apr 11 2018Cosby defense lawyer launches fierce attack on accuser
Apr 10 2018India to decide on action against Facebook, Cambridge Analytica
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Apr 12 2018Florida Gov. Rick Scott Announces Senate Run
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Apr 09 2018Trump says Amazon to get a 'serious look'
Apr 08 2018Tour bus crashes on way to Masters Tournament; driver facing DUI charge
Apr 08 2018CBSE leak: Three including teacher arrested from Himachal Pradesh
Apr 07 2018Mack Horton claims Australia's first gold medal
Apr 07 2018Quick start sends Minnesota Duluth to Frozen Four final
Apr 07 2018Body Of CDC Researcher Who Had Disappeared Is Found
Apr 06 2018Here's how Donald Trump could have just helped Stormy Daniels' legal case