Saudi, UAE discuss $70 billion crude refinery project in India

E-Paper | May 23, 2026

Saudi, UAE discuss $70 billion crude refinery project in India

AP Published November 28, 2019

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan receives Saudi Crown Prince Mohammed bin Salman at the Presidential Airport in Abu Dhabi, United Arab Emirates on November 27, 2019. — Reuters

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Saudi Arabia and the United Arab Emirates discussed a planned refinery in the western Indian state of Maharashtra that will cost at least $70 billion, a figure that exceeds the initial $44 billion estimate previously announced.

The new figure came from a read-out of a meeting in the UAE between Saudi Crown Prince Mohammed bin Salman and Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan on Wednesday evening.

The statement said the two sides discussed the initiative, first announced in 2018, to develop the refinery and petrochemicals complex, which would secure the supply of 600,000 barrels per day of Saudi and Emirati crude oil for India's market.

The project, which would be run by a consortium that includes Saudi Aramco and ADNOC, has yet to begin or secure land.

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Tahir saleem

Nov 28, 2019 02:31pm

The biggest buyer of gulf oil is china. They are the ones who can call the shots. I hope with their advice and consent the refinery will be installed in Gawadar area

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Inctedulous

Nov 28, 2019 02:44pm

So a single refinery project India is going to generate FDI worth $70 billion which makes it bigger than whole CPEC project outlay.

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Raghav

Nov 28, 2019 02:45pm

This small investment by the middle east in India is more than the CPEC.

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Killer

Nov 28, 2019 02:47pm

Nice, so this one investment alone is $15-20 billion more than CPEC. The best thing is there are no loans involved. But the Investements will result in jobs and business for Indians.

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Justice

Nov 28, 2019 02:49pm

Oil again? What about the promise of all electric cars? Another 'jumla'?

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Surya Kant

Nov 28, 2019 02:54pm

This is significant investment in India. Almost equal to investment in entire CPEC

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Thats the way

Nov 28, 2019 02:58pm

Gulf states are welcome to invest in India

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Dr. Salaria, Aamir Ahmad

Nov 28, 2019 03:02pm

An oil refinery is the biggest threat to the environment and is a perpetual machine causing global warming. That's exactly why not even a single oil refinery has been established in the U.S. since almost last four decades because no U.S. State, County, City or territory agrees to put an oil refinery on its soil.

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Himmat

Nov 28, 2019 03:07pm

Good for India

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Dr. Zunaid, uttar pradesh

Nov 28, 2019 03:18pm

That's almost equal to half of Pakistan's GDP.

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umar

Nov 28, 2019 03:28pm

Only an illiterate person will compare GDP to a single investment. GDP is the value of goods and services produced in a year while an investment is at a single point in time. Assuming a payback period of then years, the investment will probably add USD 6.0bn to Indian GDP every year.

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Vishal Choudhary

Nov 28, 2019 03:31pm

This is a big project,in partnership with reliance

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Abhhudaya- india

Nov 28, 2019 03:35pm

Today India Reliance industries has crossed 144 Bn$ in market capitalisation. Just for the comparison.

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Abdullah

Nov 28, 2019 03:39pm

@Dr. Zunaid, uttar pradesh, In 2011, the World Bank estimated that 23.6% of Indian population, or about 276 million people, lived below $1.25 per day on purchasing power parity. Think about that.

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Fairview

Nov 28, 2019 03:45pm

Look at the size of market for their crude oil processing, they will invest in any country that has that size of market, europe and many countries are pushing for electric or battery operated vehicles. don't forget the environment cost.

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Anand

Nov 28, 2019 03:51pm

Haven been hearing of this for the last 5 years but not materlization.

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Vivek Lahore

Nov 28, 2019 03:54pm

Another victory for Modi!!

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Zak

Nov 28, 2019 04:06pm

They will regret it, seeing other foreign investors experiences there.

Recommend 0

Nov 28, 2019 04:22pm

That's smart...invest 70 billion in refinery once then sell india 70 billion worth of crude each year

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Haramullah Khan

Nov 28, 2019 04:52pm

Now this is called investment. No loan, no interest, no re-payment for India and Government of India will collect taxes and millions of people will get employment.

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A shah

Nov 28, 2019 05:00pm

Muslim world is keen to invest in superpower India

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Murali

Nov 28, 2019 05:05pm

Shows Uae and Saudis faith in India & Modi game government

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Alam Khan

Nov 28, 2019 05:19pm

This is supposed to be set up in Pakistan !

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Shiva.prakash

Nov 28, 2019 05:26pm

@Dr. Zunaid, uttar pradesh, Wrong nos sir Pak gdp 300 billion. Bt. This investment is more than 30 years of foreign inv in entire pak history ex CPEC which is 78 pc loan

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Omar

Nov 28, 2019 05:37pm

While the rest of the world moves towards renewable energy this project is in the complete opposite direction. Also it will further ensure that India remains dependent on Saudi/middle eastern oil.

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Dr Vikas Jamwal

Nov 28, 2019 05:55pm

The oil refineries will be set up in the deserts of Rajasthan on border with Pakistan and there is no law or treaty to stop/ prevent the pollution to spread with the general flow of the wind.

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Neshi

Nov 28, 2019 06:04pm

SA shall sell and export refined oil from this refinery to Pakistan also.

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Bangbang

Nov 28, 2019 06:15pm

@Dr. Salaria, Aamir Ahmad, Agree, unless it is in Pakistan.

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Rana Talukdar

Nov 28, 2019 06:15pm

@Justice, ok, we r throwing away this $70 billion investment.

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Sher Khan Singh

Nov 28, 2019 06:17pm

@Tahir saleem, .... and money too, I hope.

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SayNoToPlastics

Nov 28, 2019 06:17pm

Hope the Indian environmentalists will examine the project well .

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Rana Talukdar

Nov 28, 2019 06:21pm

@Dr. Salaria, Aamir Ahmad, but u r crying for a big refinery worth $10 billion in gwadar, isn't it??

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Manas,india

Nov 28, 2019 06:22pm

@Dr. Salaria, Aamir Ahmad, Sour grapes!!

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Punjabi Pandit

Nov 28, 2019 06:25pm

@Justice, no country would be to zero percent dependency on crude oil in next at least 40 years So pls understand it’s requirement.

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Guruji

Nov 28, 2019 06:38pm

@Omar, Apart from Europe (which is also failing), no one else is 'moving away'. It is just pretentious claims of going green. Fossil fuels will continue to play a significant role in the future of humanity.

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fairguy

Nov 28, 2019 06:39pm

@Dr. Salaria, Aamir Ahmad, But they are OK with Nuclear Plants causing Cancers perpetually among the locals - near and far.

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fairguy

Nov 28, 2019 06:42pm

@Omar, India is third-largest Solar Power producer in the world with 12% of its energy coming from the Solar.

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Neptune Srimal

Nov 28, 2019 06:55pm

@Dr. Salaria, Aamir Ahmad, not true. US constru ted six new refineries since 2015. It also has 130+ working refineries where they have added capacities as and when needed. US oil consumption has not increased in the last 5 years so they do not have need for any more refineries.

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Chughtai RS

Nov 28, 2019 06:56pm

It'll come with the condition that India abandon Iran.

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Ziz

Nov 28, 2019 07:19pm

@Omar, on the contrary Saudi/UAE will be dependent on India buying oil from them. Remember there are no hard restrictions on India to payback/buy oil from them. The advantage this company gets is, it gets to import its own crude at almost no cost and refine which will make the products cheapest which India will be very happy to buy or else the company will have to export to neighbouring countries. India, can still pursue electrification of vehicles, or import oil from Iran, refine it elsewhere etc, if it makes sense

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Shyam Kokku

Nov 28, 2019 07:22pm

This is the smartest decision made by Saudi Government as the processing in World's largest and modern refinery would cost them less than half of what they're paying to the US and UK and time for shipping is a tenth of the present time. For India, it's a great employment opportunity to the existing skill-sets in Oil & Gas and booster to its economy. So a win - win situation.

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Vijay K

Nov 28, 2019 07:24pm

@Fairview, Re electric cars. Point taken. However, I think it will be a while yet before we stop relying on fossil fuels. The other problem remains as to how electricity will be generated for fueling electric cars. India is doing quite well in terms of power generation through solar (the world's largest solar field is in India) and hydel but not enough to meet all its needs. Also, not all petroleum is used for vehicles. A large amount of gas and oil is used by industry as well for power generation. Eventually, I think it will have to be hydrogen driven cars, but that is still some decades away. Also, gas/oil is cleaner than coal.

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Hamed A. Jarwar

Nov 28, 2019 07:24pm

@Fairview, When has Indian cared about the environment?

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Doc.

Nov 28, 2019 07:25pm

@Dr. Salaria, Aamir Ahmad, Why do you compare USA and India now, they are different countries with different needs and problems, India needs to work on its energy scarcity issues and not those of USA.

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@Zak Who

Nov 28, 2019 07:31pm

@Dr. Salaria, Aamir Ahmad, Your statement would have been different if this refinery was to be established in Pakistan.

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Doc.

Nov 28, 2019 07:33pm

@umar, You don’t have to feel bad for India, even only 6bn gdp increase per year as you say is a positive news for lndians.

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Weird1

Nov 28, 2019 07:38pm

This is one way of tricky to stop electrification of India.

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Ajay

Nov 28, 2019 07:44pm

@Abdullah, The new jobs these investments create are a part of the solution for reducing poverty.

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Kevin

Nov 28, 2019 07:45pm

@Dr. Salaria, Aamir Ahmad, I find your comment hilarious. Do you think US mines oil and consumes as it is? Or do you mean to say that we ship the oil to another country to refine and then use it? Learn to appreciate! We are happy with CPEC for Pakistan if it brings welfare for the ordinary people of Pakistan. Keep aside narrow patriotic fervor and look at the larger good of people irrespective of nations or faith!

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desi dimag

Nov 28, 2019 07:56pm

Did Modi drive their cars ever?

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Sher Khan

Nov 28, 2019 08:01pm

After 25 years, it will start some profit, before that, all expenses.

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Jalal Jawad

Nov 28, 2019 08:05pm

@Abdullah, we are now almost in 2020 .at least look up more recent statistics if not you can go back few hundred years and pick the English rule as your yardstick .

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Niks

Nov 28, 2019 08:13pm

@Tahir saleem, unbelievable. I guess there is no limit to illusion. Do you see the irony that you are taking of China as if they are you Masters. How can a sovereign citizen be ok with it

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Yao

Nov 28, 2019 08:14pm

A futile attempt to counter CPEC!

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Niks

Nov 28, 2019 08:14pm

@Dr. Salaria, Aamir Ahmad, are the power projects under cpec running on solar energy !!!!

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Hafeez, Canada

Nov 28, 2019 08:16pm

@Raghav, Great , so please CPEC alone...and enjoy your new found friendship.

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Shah

Nov 28, 2019 08:17pm

@Surya Kant , So leave CPEC alone...

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Faran

Nov 28, 2019 08:18pm

Now we have to think 100 times before sending nukes over India. Saudi and UAE will pull the trigger on us.

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Student for Life

Nov 28, 2019 08:39pm

@Abdullah, And today is almost 2020, so please update your knowledge now the extreme poverty is below 3%, due to recent economic development. But as per educated Pakistani citizens, Indians leave worst than sub-Saharan Africa and Pakistan has the best law & order, communal harmony, social development, etc. in the subcontinent.

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CT Rao

Nov 28, 2019 08:54pm

@Dr. Salaria, Aamir Ahmad, Sour grapes

Recommend 0

Nov 28, 2019 08:54pm

@Dr. Salaria, Aamir Ahmad, stop using petrol, plastic, propane, polyethylene, tar, diesel, kerosene. Polyester,...... list goes on and on. Just lip service about environment protection won't make any changes

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brr

Nov 28, 2019 08:56pm

@Dr. Salaria, Aamir Ahmad, More than 6 NEW oil refineries have been established in the last 5 years alone in the USA. Latest one in 2018/19 was in Channelview, Texas. Please do not write about stuff you dont know.

Recommend 0

Nov 28, 2019 09:00pm

@Killer, yes this is the way India do the business.

Recommend 0

Nov 28, 2019 09:03pm

@Dr. Salaria, Aamir Ahmad, where did you get your data?

Recommend 0

Nov 28, 2019 09:04pm

@AA, Not as smart as selling a road.

Recommend 0

Nov 28, 2019 09:06pm

@Omar, when some countries invest they must have done the study, they are clever investors.

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Political Vapors Trail.

Nov 28, 2019 09:18pm

Yeah trade & politics two different worlds.

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Bangbang

Nov 28, 2019 09:25pm

What happened to brotherhood.

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warwick

Nov 28, 2019 09:42pm

@Dr. Salaria, Aamir Ahmad, :An oil refinery is the biggest threat to the environment and is a perpetual machine causing global warming."..........Now I know why you were walking to work yesterday!

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Pixie

Nov 28, 2019 09:47pm

@Dr. Salaria, Aamir Ahmad, I’m working for British Petroleum and generally I travel a lot on oil business. Let me assure you sir, that all your facts are grossly misplaced.

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Manish

Nov 28, 2019 09:48pm

@Justice, it will also come

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Ash20

Nov 28, 2019 10:09pm

Just one project bigger than so much touted CPEC.

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Honor

Nov 28, 2019 10:13pm

What happened to saudi- pak refinery in Gwader?

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NPS

Nov 28, 2019 10:24pm

@Abdullah, now we have 2019. Almost 10 years are gone.

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Vijay

Nov 28, 2019 10:26pm

@Faran, i can just laugh on your thinking.

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A true fact

Nov 28, 2019 10:27pm

@Raghav, this puny comment by Indians show how insecure they are about CPEC and Pakistan’s progress.

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Vijayendra Kumar

Nov 28, 2019 10:27pm

@Abdullah, The poverty rate has come down drastically to 40 million people or 3% of the popultion.

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Mushtaq

Nov 28, 2019 10:28pm

@Tahir Don’t forget China has oil and gas pipelines from Russia

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Mushtaq

Nov 28, 2019 10:30pm

@Justice, Uae Saudi’s have to sell oil They know oil demand in future will come down hence refinery

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Sahil pervez

Nov 28, 2019 10:32pm

@Justice, petrochemical does not mean oil only but has a host of other downstream chemicals, fertilisers, plastics, food chemical and preservative. That's a big boost for indias economy and job market. .

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A true fact

Nov 28, 2019 10:35pm

@Dr Vikas Jamwal , it needs to be near shore and port facility so it will be near the Bombay basin with an already functioning port facility. Reduces cost.

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Sahil pervez

Nov 28, 2019 10:39pm

@Fairview, crude oil now has less to do with automobiles and more for downstream chemicals used in all facets of modern living. Electric cars are being actively promoted in India as well.

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Micheal

Nov 28, 2019 10:39pm

@AA, It’s their money their oil Will create employment India can consume and also export

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Juma

Nov 28, 2019 10:42pm

@Alam Khan , Then what happen ?

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M. Emad

Nov 28, 2019 10:42pm

Congratulations, Saudi-, UAE-, Indian Governments and Indian PM Shri Narendra Modi !

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Mohan

Nov 28, 2019 10:43pm

@Faran, So now dump your nukes in sea

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Pkp

Nov 28, 2019 10:52pm

This is undoubtedly Modi power.

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Zakhmi Shahyri

Nov 28, 2019 10:53pm

There is no limit of hypocrisy by these two gulf nations.

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Pkp

Nov 28, 2019 10:56pm

@Abdullah, you only think about refinery

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Aastik Kumar Thakur

Nov 28, 2019 11:11pm

@Omar, India is biggest producer of soler energy, and also will be on number one in renewable energy in upcoming years, so you need to think before you write anything, It's a plan for India to sale out Oil to country like Pakistan

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Love

Nov 28, 2019 11:15pm

India on course to become 5 trillion economy.

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Ahmad

Nov 28, 2019 11:23pm

@Raghav, congratulations.. Middle East investment have multiple faces..

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Vee Man

Nov 28, 2019 11:30pm

@Dr. Salaria, Aamir Ahmad, what do you eat, Dr.? No refinery in US? US has the world's largest refineries. Brush up your knowledge and be responsible when you comment on a public forum.

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Roshan

Nov 28, 2019 11:39pm

@Yao, How does one oil refinery in India become competition for CPEC?

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ashutosh

Nov 28, 2019 11:41pm

@Abdullah, thanks for the reminder ...

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ashutosh

Nov 28, 2019 11:44pm

@Inctedulous, why compare the two? Both are different projects between different countries, in different sectors, with different backgrounds and proposed outcomes. Get over with such obsessive zero-sum tendencies !!

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Bilal

Nov 29, 2019 12:01am

It’s just a pipe dream. Talk about this has been going on for many years and will continue for another few years without anything happening on the ground.

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Chandan Chettry

Nov 29, 2019 12:14am

@Abdullah, Welcome to 2019 ND read World Bank and IMF reports on success of poverty reduction.

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Bharat

Nov 29, 2019 12:50am

@Zak, They will regret it? I expect that you will, but 8 would think that they are much more intelligent then you or I

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Sandeep Mishra

Nov 29, 2019 12:56am

China buys more oil from Iran :-)

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Zack

Nov 29, 2019 12:59am

@Love, and in this $5 Trillion economy people are still defacing on the side of roads and rail-tracks!

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Guruji

Nov 29, 2019 01:03am

@Abdullah, They are expendable like that of the entire population of Pakistan.

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Reader

Nov 29, 2019 01:30am

India's reward for not buying its oil from Iran. India is big enough to change sides and you never know the refineries may be processing Iranian crude one day.

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Justice

Nov 29, 2019 01:32am

What did we get from IK's multiple trips to Saudi Arabia, Iran-Saudi peace negotiation?

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Zak

Nov 29, 2019 02:00am

@Bangbang, What happened to brotherhood. Brotherhood is investing $50 billion in refinery in Gawadar and will be part of Cpec.

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Rafique Soomar

Nov 29, 2019 02:15am

I don’t understand

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Wacko

Nov 29, 2019 02:25am

@Yao, cpec is still on paper..

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Wacko

Nov 29, 2019 02:26am

@Ahmad, Chinese have only one pls check in Sri Lanka Africa and Montenegro

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Buggaero

Nov 29, 2019 02:28am

@Dr. Salaria, Aamir Ahmad, Tagra refinery opened recently. Last major refinery was in 1977 which produces half million barrels per day.

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hussain

Nov 29, 2019 02:28am

@Raghav, anti Muslim bakhts rejoicing at Muslims investing in India how ironic. I do hope the saudis and Emiratis make sure that a large number of Indian Muslims are employed.

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Secularist

Nov 29, 2019 02:37am

@Dr. Salaria, Aamir Ahmad, Probably, you are also concerned about the $10-$15 Billion Saudi investment in a refinery, Pakistan's largest, at Gawdar, for the same environmental reasons that you will advise against such an investment?

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Alok

Nov 29, 2019 02:43am

@Dr. Zunaid, uttar pradesh, why

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Nov 29, 2019 03:21am

@Ahmad, Less faces than China for sure!

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Rocky

Nov 29, 2019 04:00am

@Zak, don’t be jealous

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ajay

Nov 29, 2019 04:16am

@Dr. Salaria, Aamir Ahmad, sour grapes

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Zain Ansari

Nov 29, 2019 04:31am

Any prospect investors in India must read about Amaravati projects, India still works on kickbacks and bribes.

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Rehman

Nov 29, 2019 04:36am

This is unbelievable. $70 billion is more than the value of the entire CPEC project which is valued at only $62 billion. And they are investing this much in a single refinery in India??! This makes no sense. Also, why couldn't our Government get Saudi Arabia and UAE to invest this in Pakistan? Saudi Arabia and UAE are part of the Organisation of Islamic Cooperation, and our brother countries. Our Government should talk to them, and ask them to invest in Pakistan instead of India. It looks like our only true friend who we can always rely on is China.

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Nov 29, 2019 05:03am

Excellent - use Saudi/Emirati money to build refineries and buy crude from the USA. That way, India boxes out dependencies on any one supplier...

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Indian

Nov 29, 2019 05:29am

@Abdullah, 2011, almost 100% of pakistanis were below poverty line.. and in 2019 nothing much has changed for you guys! India on the other hand has improved by leaps and bounds and the people living below the poverty line is less than 14% now. Read about it now!

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z`v n

Nov 29, 2019 05:32am

@Tahir saleem: The articles about a refined in India. Please stay focussed!

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z`v n

Nov 29, 2019 05:33am

@Dr. Salaria, Aamir Ahmad, NOT --if it is relocated to Pakistan!

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Nov 29, 2019 05:34am

@Zak, who you are talking about????

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z`v n

Nov 29, 2019 05:37am

@umarL That was arrogant!

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z`v n

Nov 29, 2019 05:42am

@Alam Khan: WHY?

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z`v n

Nov 29, 2019 05:46am

@Neshi: "Shall"?

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z`v n

Nov 29, 2019 05:49am

@Zakhmi Shahyri: It is just Business/Trade. You will find that in your back yard!

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Dipak

Nov 29, 2019 05:51am

India,worlds biggest democracy,run by people of all religion,a stable.no extremism nor exporting in neighbouring and world. investment in India a safe place . Investment in a country where no stability and run by unqualified ruler is in risk factor.good news.

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z`v n

Nov 29, 2019 05:58am

@Hafeez, Canada: Especially b/c they are not friends of Canada! Seriously, trading needs not be based on friendship!

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King

Nov 29, 2019 06:07am

@Abdullah, don't worry about India think about where Pakistan stand ?? This is investments not loans

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Salman Warsi

Nov 29, 2019 07:03am

@Raghav, You have to compare the size of population between India and Pakistan . India had 1.1 billion more mouth to feed as compare to Pakistan

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S Menezes

Nov 29, 2019 07:21am

@Dr. Salaria, Aamir Ahmad, There is a saying "Grapes are sour"

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kumar

Nov 29, 2019 07:22am

India is the world's fifth largest exporter of refined oil with exports of nearly $50billion per year. This will only add to exports and not local consumption. Investment is due to the skill set available.

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Dr. Rafiq Khan

Nov 29, 2019 07:22am

Khadim al-Ḥaramayn as-Sharifayn

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Hemant

Nov 29, 2019 07:36am

@Abdullah, thanks for reminding about condition of average Indians! I’m sure you must be aware population of Pakistan and amount of much they earn!

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Anonymouseee

Nov 29, 2019 07:37am

Money and greed is what drives the Middle East powers. Meanwhile India slaughters hundreds of kashmiri Muslims in a daily basis.

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American by Heart

Nov 29, 2019 07:38am

@Zak, think of it why do most countries want to invest in India. And not Pakistan?

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Sakthi

Nov 29, 2019 07:49am

Welcome SA and UAE to India

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Justice

Nov 29, 2019 07:50am

Why India, why not Pakistan?

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Raj sahoo

Nov 29, 2019 07:53am

@Justice, crude oil not only produce petrol or diesel, its also produce petro chemical like wax, plastic, engine oil, grease, cream in oil cosmatic product and etc

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pkthakur0610 .

Nov 29, 2019 08:00am

@Abdullah, Take it another way UP has a purchase power of say about 150 billion year wise.

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Desi jat

Nov 29, 2019 08:13am

@Dr. Salaria, Aamir Ahmad, if the same investment goes to Pakistan will you be able to say the same.

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Sri

Nov 29, 2019 08:14am

I think we should not compare with CPEC and any other investment. Both Countries have lot of potential if we can settle our problem and live in peace .. We should leave religious and join humanity then we can flourish in the world. We should solve our own problem first then no need to fight .

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Dipak

Nov 29, 2019 08:17am

Friends across border must open eye.

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Rahul Singh

Nov 29, 2019 08:19am

@umar, get your maths right. Payback is based on free cash flow from the project, while GDP is value of goods and services produced irrespective of the profit or loss of the producer.

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Amit Atwal

Nov 29, 2019 08:28am

@Dr. Salaria, Aamir Ahmad, don't lie sir, you are ready to setup nuclear and defunct thermal plants which china itself has decommissioned for China but are making them for pakistan under cpec justified. Yours is a case of sour grapes.

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NVV

Nov 29, 2019 08:30am

@Abdullah, Reminding Poverty, when you lost the opportunity?

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Sorab

Nov 29, 2019 08:37am

@Tahir saleem, how naïvé can one be .... can u all stop looking up to China for all and every things ?

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Surya

Nov 29, 2019 08:49am

@Haramullah Khan, adding to pollution.

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Nitin

Nov 29, 2019 09:13am

@Abdullah, for fools, it was 2011, year is 2019...we have improved a lot since then..not like few countries which have decreased in all index

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Vijay

Nov 29, 2019 09:17am

Long Live Friendship between Saudi Arabia and AL-Hind !

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Manas

Nov 29, 2019 09:19am

@Inctedulous, double (cpec was 35 billion ), but belive us it wont happen. such things if r in public wont happen, Western world wont let it happen.

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Praveen Sinha

Nov 29, 2019 09:26am

@Dr. Salaria, Aamir Ahmad, The U.S. has 4 of the world's largest refineries with one in Port Arthur, Texas, one each in Baytown, TX, Garyville, LA, and Baton Rouge, LA with a refining capacity of 600,000., 572,500., 522,000., and 502,500 Barrels per Day respectively.

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SAK

Nov 29, 2019 09:41am

@Raghav, Just wait for the day when this project gets going on ground. It is all world politics which a few have understanding.

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prashanth

Nov 29, 2019 09:47am

@umar, No, that comes to around $ 3.6 billion. This is how you go about. Find the value added by refinery per barrel of crude. That is about $ 20. Multiply that by output per day of 600,000. With downtime for maintenance, the refinery may work for 300 days a year. so 600000 X 300 X 20 comes to $ 3.6 billion a year. Actual addition to the GDP would be much higher though.

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Halom

Nov 29, 2019 09:48am

@Inctedulous, I see no similarities. The refineries costs more than roads. Any country can build road for transport but not having crude refinery.

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rajkumar

Nov 29, 2019 09:58am

@Tahir saleem, wait and watch.

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rajkumar

Nov 29, 2019 09:59am

@Dr. Salaria, Aamir Ahmad, so why are you allowing coal based power plant in your own country,they are even bigger threat.

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Raza110

Nov 29, 2019 10:05am

its great because after this say good by to Iranian Oil.

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Akbar

Nov 29, 2019 10:19am

@Tahir saleem, Day dreaming is bad for wealth.

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Juby Mathews

Nov 29, 2019 10:27am

@Tahir saleem, Keep dreaming!

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Shashank

Nov 29, 2019 10:27am

@umar, : Think about this information when talking about $46B CPEC 'Loan'.

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Juby Mathews

Nov 29, 2019 10:30am

@Abdullah, So?

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Ras

Nov 29, 2019 10:31am

@Zain Ansari, your Zardari and NS is not in jail for social work.

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sach

Nov 29, 2019 10:46am

@Dr. Salaria, Aamir Ahmad, There are 137 operting oil refineries in USA. I visited a few during my visit to Houston while working on an OCTG tube project. There are so many pipelines from Canada to USA that the distance is equivalent to moon and back. The entire Thermal desalination technology is based on flue gases from refineries. Please circultate right information. If Exxon Mobil, Halliburton, Chevron, Shell are still large companies it means that refineries continue to be constructed.

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asad

Nov 29, 2019 11:24am

Smelling too much burning due to CPEC. though CPEC not even passed near the streets of this project but still huge flames can be seen. hahahahaha Endians can never be changed. That written on the wall.

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Zarak

Nov 29, 2019 11:31am

In a world moving away from oil. This project is bound for failure. Hint: smog alerts!

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Nov 29, 2019 11:32am

@Salman Warsi, India has 1.1 Billion more mouths to feed.... Yet India is doing better than Pak

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Lilly

Nov 29, 2019 12:13pm

@Tahir saleem, there is no future for oil in China. So they can’t call shots anymore.

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Lilly

Nov 29, 2019 12:14pm

@Justice, Electric Cars can also run by electricity generated by oil. Jumla is your Idiotic comment and your parents thinking they have given you education. Pity

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Bif

Nov 29, 2019 12:41pm

They should invest in Pakistan as Pakistanis are more arab than Indians

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Amir Indian

Nov 29, 2019 12:46pm

@Dr. Salaria, Aamir Ahmad, ohh really ?

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Amir Indian

Nov 29, 2019 12:49pm

@Alam Khan , why ?

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Khanm

Nov 29, 2019 12:50pm

@Inctedulous, ..who does not want China n its influence in the region ...USA ...why ...who do Arab listens USA ...who is their mascot ..USA..who will create the biggest turmoil in the region USA...

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Syed Anjum Ali

Nov 29, 2019 01:28pm

India remains the primary economic power and magnetic for foreign investment in South Asia.

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Syed Anjum Ali

Nov 29, 2019 01:29pm

@Surya Kant , more than CPEC.

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R sahu

Nov 29, 2019 01:36pm

Business is different from Politics. For example USA and Europe are different from China politically but have burgeoning trade and commerce. India and Pakistan should learn from them

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optimistic

Nov 29, 2019 02:10pm

CPEC is a reality but refinery is still infancy. This also means that Arabs will control the oil business in India.

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Zaidhaq

Nov 29, 2019 03:36pm

The smog from this project will drift to Pakistan on westerly winds.

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babban

Nov 29, 2019 03:40pm

@Dr. Salaria, Aamir Ahmad, You are one of a kind. Always using your own logic.

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Ajay Maheshwari

Nov 29, 2019 03:56pm

@Tahir saleem, Keep dreaming.

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Merge of Equals

Nov 29, 2019 04:19pm

@Inctedulous, the bigger they are the harder they fall.

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arti

Nov 29, 2019 04:32pm

It shows India is a great destination for investors.

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Ajit

Nov 29, 2019 05:14pm

@Zak, wromg math and wrong information as usual, Zak!

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Amjad Durrani Engineer USA

Nov 29, 2019 05:23pm

Doing $70 billion worth business is more dear to KSA and UAE than the misery of those 8 millions hapless Kashmiris whose 15000 youth incarcerated and undergoing torture, hundred killed or wounded protesting against illegal India rule, old and sick dying without receiving emergency healthcare, million living in lockdown for the last 4.5 months nonstop, due to illegal annexation of IHK by India. What a hoax of OIS spearheaded by these rich ME countries?

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Denny

Nov 29, 2019 06:04pm

@Rehman, Instead of trying to steal project from others, try to bring projects on your own.

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karr

Nov 29, 2019 07:14pm

@Abdullah, What about Pakistan ?

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Nishchal Patara

Nov 29, 2019 08:24pm

@Abdullah, Well, this is what Indian government is working on. Things do take some time but what we are discussing is the direction, aren't we?