Ram Gopal, Director Of Refineries At India Oil
📌 Have signed MoU with Saudi Aramco.
📌 Saudi Aramco will hold equal partnership but stake is not finalised yet.
📌 Maharashtra government is keen to provide land.
📌 Tied-up with Aramco for setting up 60 million ton refinery in Ratnagiri.
📌 Yet to decide holding stake for IOC, BPCL,HPCL and Aramco.
📌 Ratnagiri refinery to cost almost Rs 3 lakh crore.
📌 We are in talks with Maharashtra govt for land acquisition and other formalities.
📌 Will be deciding weather to complete project in phases.