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Refining

GlobalData: Downstream M&As down in 2H17

According to a GlobalData report, merger and acquisition deals in the downstream sector totalled $21.1 billion in 2H17, down from $26.2 billion in 1H17.

 
 
 
 
 
 
 
 
 
 
 
 
 
 

Saudi Aramco in negotiations over stake in Indian refinery

The Indian newspaper The Economic Times is reporting that the state-owned Saudi oil giant is aiming to purchase a majority stake in a proposed refinery and petrochemical complex in the western Indian state of Maharashtra.