Saudi Arabia’s Energy Minister Khalid al-Falih discussed on Sunday opportunities for joint investments and cooperation in petrochemical and refining projects with Mukesh Ambani, the chairman of India’s Reliance Industries—the company owning the world’s largest refining hub. Saudi Arabia is increasingly looking to secure markets for its crude in the fast-growing Asian markets India and China, and has recently signed deals to take part in refining and petrochemical projects in the top Asian oil and oil products markets. Reliance Industries’ two refineries in western India have a total crude processing capacity of 1.4 million bpd. The Indian company, majority owned by billionaire Mukesh Ambani, plans to boost its refining capacity by another 600,000 bpd, according to Reuters . In recent months Saudi Aramco—the state oil giant of OPEC’s biggest producer and exporter Saudi Arabia—has signed several deals to boost its downstream presence in India and China. In June this year, […]