Gulf nations eye investments in Indian oil refineries

India plans to expand its refining capacity significantly over the coming years. Oil minister Hardeep Singh Puri noted that the UAE and Saudi Arabia are eager to invest in this sector.

Xurve View
Insights:
Minister of Petroleum and Natural Gas of India Hardeep Singh Puri speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. REUTERS/Denis Balibouse

India aims to expand refining capacity by up to one million barrels per day, backed by capital interest from the United Arab Emirates and Saudi Arabia on Thursday afternoon.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.