(EnergyAsia, May 27) — India’s Hindustan Petroleum Corporation and Indian Oil Corp are competing against oil majors Shell, ExxonMobil and China’s Sinopec for a stake in Saudi Aramco’s proposed Yanbu oil refinery on the Red Sea coast. The Indian Telegraph said the 20-million-tonne-per-annum oil refinery will require an investment of $3 to $3.5 billion.  …

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