Land acquisition woes thwart India's mega refinery plan with Saudi Aramco [Reuters]
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Source: Reuters
Land acquisition woes thwart India's mega refinery plan with Saudi Aramco | Reuters 7 Min Read MUMBAI/NEW DELHI (Reuters) - At the International Energy Forum in Delhi in April, the world's top oil producer Saudi Aramco inked a preliminary deal here to partner with a consortium of Indian players to build a $44 billion refinery and petrochemical project on India's west coast. The huge project was touted as a gamechanger for both parties - offering India steady fuel supplies and meeting Saudi Arabia’s need to secure regular buyers for its oil. Despite the obvious benefits, though, the prospects for the plan - in the works since 2015 - are growing dimmer by the day. Thousands of farmers oppose the refinery and are refusing to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood. “We earn enough to fulfill our needs and we do not want to surrender our lands for a refinery at any
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