Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have signed a Memorandum of Understanding (MoU) to jointly develop and build an integrated refinery and petrochemicals complex at Ratnagiri, Maharashtra.
The MoU was signed by Amin H. Nasser, Saudi Aramco President and CEO and Dr Sultan Ahmed Al Jaber, UAE Minister of State & ADNOC Group CEO. Earlier, Saudi Aramco had joined the Ratnagiri Refinery project by signing an MoU with the Indian consortium in April 2018 on the sidelines of the 16th International Energy Forum Ministerial.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- Saudi Arabia Capital- Riyadh, Currency- Saudi riyal.