India is an ‘investment priority’ for Saudi Aramco: CEO

20/02/2019 Argaam

 

India is an investment priority for Saudi Aramco as it expects the country's oil demand to rise to 8.2 million barrels per day by 2040, Reuters reported on Wednesday, citing Aramco CEO Amin Nasser.

 

Saudi Arabia's Crown Prince Mohammed Bin Salman is in India along with leading Saudi businessmen and company representatives at the invitation of Indian Prime Minister Narendra Modi.

 

India currently buys about 800,000 barrels a day of oil from the Kingdom, Nasser revealed.

 

Last year, Saudi Aramco and UAE's ADNOC announced a $44 billion joint venture with Indian oil companies to build a refinery complex in India.

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