Adnoc

India raises cost of refinery project with Aramco by more than 36% after farmers' protest forces relocation of plant

The project cost at the signing of a deal with Saudi Aramco in 2018 was pegged at $44 billion.

‘India’s reserves built at $17 per barrel, global average is $23’

India will soon have the capacity to store crude oil in underground caverns that it can dip into to meet 90 days of requirements in case of an emergency.

Underworld: India builds caves to save oil for crisis

The Narendra Modi government’s plan to build two new caves of strategic petroleum reserves in Odisha and Karnataka will take crude oil stock to 87 days of demand by 2020.

UAE keen to invest in refining, petrochem projects, store oil in India; wants to develop strategic partnership

UAE's Abu Dhabi National Oil Co and its partner Saudi Aramco have jointly taken a 50 percent stake in the planned $44 billion refinery-cum-petrochemical complex at Ratnagiri in Maharashtra.

Abu Dhabi National Oil Company hires India's strategic oil storage in Padur, Karnataka

India will have the right over 65 percent of 6 million barrels of crude oil that ADNOC will store at the country’s maiden strategic storage at Mangalore.

Narendra Modi warns of high crude oil prices hurting global economic growth; seeks review of payment terms

Prime Minister Narendra Modi on Monday warned oil producers like Saudi Arabia that high crude prices are hurting the global economy and sought a review of payment terms to provide a temporary relief to the local currency.

Oil price spike: Narendra Modi pitches for partnership between producers, consumers to reduce energy cost

Narendra Modi highlighted that the consuming countries, due to rising crude oil prices, face many other economic challenges including serious resource crunch. The cooperation of the oil producing countries would be very critical to bridge this gap.

Saudi Aramco, ADNOC can't export Ratnagiri refinery fuel without PSU's consent

Aramco and ADNOC will supply half of the crude oil required for processing at the refinery.

IOC to invest Rs 1.75 lakh cr for expansion; to focus on organic, inorganic growth: Chairman Sanjiv Singh

IOC currently owns and operates 11 out of the 23 oil refineries in the country.f the 23 oil refineries in the country.

Abu Dhabi oil giant signs pact to take stake in $44 bn Ratnagiri refinery project

ADNOC joins Saudi Aramco, the world's largest oil producer, in the project which is planned to come on stream by 2025