Indian Oil Corp (IOC) Chairman B Ashok has said the company may take final investment decision on west coast refinery by end-2018.
Speaking to reporters on the sidelines of the Asian Oil and Gas conference, he said IOC and its partners are expected to make a final investment decision on the project in end-2018 to early 2019, after which the project will take five years to be completed.
Indian Oil Corp (IOC) has held preliminary discussions with Saudi Aramco on downstream investments in India including the mega refinery-petrochemical project in the country’s west coast, he said.
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