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Saudi Aramco's Asian expansion drive turns to Indian refinery

CEO expects to carry out record-shattering IPO in second half of 2018

Saudi Aramco CEO Amin Nasser speaks to the Nikkei Asian Review in Tokyo. (Photo by Mamoru Yago)

TOKYO -- Saudi Aramco, the state oil company of Saudi Arabia, wants to expand further in Asia as part of the kingdom's drive to diversify its economy, President and CEO Amin Nasser told the Nikkei Asian Review in an interview.

"Saudi Aramco is looking at additional investments in China, and India is also a very important destination which we are giving great consideration, and [where we are] currently in discussion with some companies," Nasser said, suggesting plans for an Indian refinery are crystallizing.  

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