Saudi Aramco is reportedly interested in building a refinery and petrochemicals complex in partnership with Bharat Petroleum Corporation (BPCL) in the southern Indian state of Andhra Pradesh.

The estimated cost of the project is INR960 billion ($10.5 billion), India’s Economic Times newspaper reported, quoting unidentified industry officials.

The complex, which will be situated near Ramayapatnam port, will have a capacity of up to 12 million metric tonnes per annum, the report said.

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