Aramco Mulls Indian Refinery in Plan to Boost Asia Footprint

(Bloomberg) -- The world’s largest crude exporter plans to invest in Asian refineries to ensure it has plenty of buyers in the fastest-growing region for fuel demand.

Saudi Arabian Oil Co. is adding India to the list of Asian countries where it intends to build new refineries as part of a plan to almost double its global refining capacity, Chief Executive Officer Amin Nasser told Bloomberg in Jubail, Saudi Arabia. Saudi Aramco, as the company is known, is also considering plants in China, Indonesia, Malaysia and Vietnam.

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