Aramco mulls refineries in India, Southeast Asia

Company looking to build plants in China, Indonesia, Malaysia and Vietnam

Saudi Aramco is OPEC's largest oil producer.
Saudi Aramco is OPEC's largest oil producer.

Saudi Aramco is considering building a refinery in India as part of its plans to increase its footprint in Souteast Asia and almost double its global refining capacity.

The Saudi Arabian refining giant also plans to invest in plants in China, Indonesia, Malaysia and Vietnam, CEO Amin Nasser told Bloomberg on the sidelines of an industry event in Jubail, Saudi Arabia

Along with stakes it holds in joint refining ventures with ExxonMobil, Total, Japan's Sumitomo Chemicals and other prominent energy players, Aramco is currently in talks with China National Petroleum Corporation (CNPC), to build a new JV.

“Talks are good and ongoing,” Nasser told reporters, refering to Aramco's partnership with CNPC.

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