The Saudi Arabian national petroleum and natural gas company Saudi Aramco, based in Dhahran, has showed interest to consider setting up of its oil refinery in Andhra Pradesh and decided to depute a team to the state within 15 days to explore possibilities here.
This was conveyed by its President and Chief Executive Officer Amin H. Nasser after meeting Andhra Pradesh Chief Minister Chandrababu Naidu at Davos, during World Economic Forum conference.
The Chief Minister mentioned him that Andhra Pradesh is endowed with rich natural resources and also spoke on the opportunities available for investment here. During the discussion Nasser and his team said that they are interested in starting a refinery in India.
The representatives have asked the Chief Minister to send a team to Saudi to look at their facilities to which Naidu has agreed. He has asked the Andhra Pradesh Economic Development Board to coordinate. The Chief Minister also invited them to get involved in the petroleum university.
Before visit of the AP team, Nasseer said that the company will send their team to Andhra Pradesh within 15 days to study the possibilities after which the AP team will visit Saudi. Aramco representatives said that they want to start a collaboration preferably with government, to which the Chief Minister said that possibilities could be explored.
The Chief Minister explained about AP’s interest in petrochemicals. He also informed them about the Krishna Godavari basin, the idea of Petroleum University, the technology and the skilled man force that the state has. He assured in this regard that land and water will be provided without any hitches.
Later, during his meeting with the Chief Minister, Paytm Chief Executive Officer Vijay Shekhar Sharma said that he is keen in brining every latest initiative of the Paytm to the state of Andhra Pradesh. During the conversation, the Chief Minister suggested that a digital university should be started in a private public partnership mode and that Andhra Pradesh will be a best partner to associate with.
