India and Saudi Arabia to set up joint oil refineries in India

May 18, 2025

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India and Saudi Arabia have agreed to jointly establish two oil refineries in India to enhance energy security and address rising petroleum demand. The collaboration was finalized during Prime Minister Narendra Modis visit to Saudi Arabia, where major investment plans were discussed. Saudi Arabia has pledged a USD 100 billion investment across sectors including energy, petrochemicals, infrastructure, fintech, and manufacturing.

Note: The above-mentioned news was first published by us in our ProjectX India | 15th May 2025 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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