Aramco seeks “a much higher level” of investment in India, with “serious discussions” planned for a stake in a proposed 1.2mn b/d mega-refinery.

Saudi Aramco CEO Amin Nasser says “we are going to have serious discussions” with three Indian state oil firms for a share of the equity in a huge joint venture refinery they plan to build at Ratnagiri on India’s west coast.

Speaking in India this week Mr Nasser says that he hopes to conclude an agreement...