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India, Saudi to work on setting up two oil refineries
Mint New Delhi
|April 24, 2025
India and Saudi Arabia have agreed to collaborate on establishing two oil refineries in India.
The decision was taken during Prime Minister Narendra Modi's recent visit to Saudi Arabia.
During the visit, the joint High Level Task Force on investment (HLTF) also came to an understanding in multiple areas to rapidly promote investment flows, building on the commitment of Saudi Arabia to invest $100 billion in India in sectors including energy, petrochemicals, infrastructure, technology, fintech, digital infrastructure, telecommunications, pharmaceuticals, manufacturing and health.
This story is from the April 24, 2025 edition of Mint New Delhi.
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