It said the Ratnagiri complex "will rank among the largest world refining and petrochemicals projects and will be created to meet India's fast-growing fuels and petrochemicals demand".
Meanwhile, Saudi Arabia - which is said to be aiming for oil near US$80 to pay for its own crowded policy agenda - is planning to sign a deal to participate in a refinery on India's west coast as part of its strategy to secure sources of consumption for its crude.
Aramco has also pledged billions of dollars for deals in Malaysia and Indonesia in the past year.
Apart from the refinery, cracker and downstream petrochemicals plants, the Ratnagiri project will also see development of associated facilities that include logistics, crude oil and product storage terminals, raw water supply project along with centralized and shared utilities.
The refinery will be capable of processing 1.2 million barrels of crude oil per day (60 million metric tonnes per annum).
Saudi Arabia's small stock exchange is scrambling to prepare for the world's biggest initial public offering: shares in the country's oil driller Aramco.
Last month, Aramco awarded more than $8 billion worth of contracts to American firms to boost its USA refinery operations. "We are very respectful of the regulatory environment and we would work closely with the government to ease the introduction of Saudi Aramco into the retail sectors", he said.
"We are trying to signal to markets, to investors, to the financial community, to global companies to put investments back in upstream", he said.
The French oil group has signed a preliminary deal with Saudi Aramco to build what the companies described in a statement as a "giant" petrochemical complex in the kingdom.
Aramco may take a 50 percent equity stake in the project and can bring in another strategic investor, the person said.
"We believe oil prices will get higher in this year and also get higher in 2019, so we are trying to pick the right time", Prince Mohammed told the magazine in reference to the IPO.
India plans to expand its refining capacity by 77 percent to about 8.8 million barrels per day by 2030.
Saudi Arabia is one of the world's top three oil producers with Russian Federation and the United States, while Aramco is the biggest company putting oil on the world market now awash with product. Proceeds from the share sale should be used to expand the company's footprint in refining and petrochemicals, rather than in oil exploration and production, Aramco CEOAmin Nasser said in a March 26 Bloomberg television interview in NY.
Nasser said he was not anxious by rising supplies from regional rivals to India.
Boston's starting pitchers improved to 6-0 on the season on a night in which the temperature dipped into the 30s. Boone said they are still waiting on more information on the status of INF Brandon Drury (severe migraines).
It launched with 13 titles including Crimson Skies , Star Wars: Knights of the Old Republic, Fuzion Frenzy , and a few more. Thanks to the Xbox Marketplace , it may have slipped that four Original Xbox games may be coming to the Xbox One very soon.
After the 3 months are up, you can either cancel or automatically upgrade to the Hulu Spotify bundle, charged at a rate of $12.99. The Spotify-Hulu package will be immediately available to current Spotify Premium customers and to everyone else this summer.
In past years, they've hosted the Patriots and Baltimore Ravens for joint practices and visited the Patriots as well. Texans , Week 4 - This will probably the game you'll see the most of Dak Prescott and Deshaun Watson at quarterback.
With Jump's integration into the Uber app, users can reserve, unlock and pay for the bikes the same way they'd hail a ride. The expansion kicked off earlier this week after Uber announced that it had acquired bike-sharing startup Jump.
More than 10,000 people, half of them civilians, have been killed with over two millions displaced in the three-year war. The coalition accuses the Houthis of being armed and supported by Iran - charges the group and Tehran deny.
The funds in our database reported: 20.47 million shares, down from 22.45 million shares in 2017Q3. 34,000 are held by Teton. When a stock price is nearing the 52-week high or 52-week low, investors may closely follow activity to watch for a breach.
EPA spokesman Jahan Wilcox said last week there had been an "unprecedented" amount of death threats against Pruitt and his family. Rather, Minoli wrote, his office has a "long-standing practice" of referring such inquiries to the EPA inspector general.
Open two months after his Masters meltdown - and loves the idea that he has nothing to lose being three shots behind. Woods opened with a bogey and took double bogey at the fifth, his approach soaring over the green into dense brush.