Maharashtra's mammoth refining and petrochemicals project estimated to cost $70-bn

摘要

The cost of a giant oil and petrochemicals refinery project to be built jointly by Saudi Aramco and Abu Dhabi National Oil Co. (ADNOC) in India is expected to reach $70-bn, the Saudi Arabian news agency, WAM has reported. A joint economic council between the United Arab Emirates (UAE) and Saudi Arabia reviewed the planned plant recently at a meeting on the sidelines of Saudi Crown Prince's visit to his Gulf ally. 'The initial cost is estimated at $70 billion,' a statement said.