KSE100 34048.00  ▲ Increased By 352.58 (1.05%)
KSE30 14867.52  ▲ Increased By 218.91 (1.49%)
BR100 3503.53  ▲ Increased By 50.12 (1.45%)
BR30 18482.50  ▲ Increased By 298.74 (1.64%)

Business Recorder Logo

Jun 01, 2020 PRINT EDITION

LONDON: India's Reliance, operator of the world's biggest refining complex, and top oil exporter Saudi Arabia will explore joint investments in refining and petrochemicals in the two countries, Saudi Arabian Energy Minister Khalid al-Falih said.

Al-Falih tweeted that he met Reliance Industries chairman Mukesh Ambani and they discussed joint investment opportunities and cooperation in petrochemicals, refining and telecoms in their two countries.

Reliance's two oil refineries in western India have a combined capacity to process 1.4 million barrels per day of crude and the company has set a target to raise capacity by a further 600,000 bpd.

Copyright Reuters, 2018