India and Saudi Arabia are poised for high-level economic commitments, particularly in the energy sector. India's petrochem major is mulling investment in a US$8 billion refinery and petrochemicals project in Saudi Arabia, marking the first substantial Indian presence in Saudi Arabia's energy sector.
Simultaneously, the Saudi government has been invited by New Delhi through its corporate entity Saudi Aramco, to invest in three refineries at Bhatinda, Bina and Paradip. Two other refineries are being considered for Saudi investments, one at Kakinada and the other at Barmer. These partnerships could increase the Saudis' oil supply to India from the current 26%.
27-Jan-06 
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