The leading exporter of petrochemical Saudi Arabia and Reliance Industries Limited is looking for joint investment in petrochemicals and refinery project. The Oil minister of Saudi Arabia said that they are looking for opportunities or joint investments and cooperation in petrochemical, refining and communications projects.Reliance already operates two refineries at Jamnagar with a total capacity of 68.2 million tonnes per annum Reliance plans to expand its only-for-exports SEZ refining capacity to just over 41 million tonnes from current 35.2 million tonnes but does not have any plans to set up a new refinery in the country.
