# UAE Saudi Arabia Target India Refining Investments

> UAE and Saudi Arabia aim to boost India's refining capacity with major investments.
- Title: UAE Saudi Arabia Target India Refining Investments | Shortify
- Summary: UAE and Saudi Arabia aim to boost India's refining capacity with major investments. UAE and Saudi Arabia seek to invest in India's refining sector to access…
- Keywords: uae, saudi arabia, india refining sector, hardeep singh puri, oil refining capacity, downstream market, Saudi, Arabia, Target, India, Refining, Investments
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/energy/oil-gas/uae-saudi-arabia-keen-to-invest-in-indias-refining-sector-hardeep-singh-puri/articleshow/134465573.cms
- Author: Reuters
- Published: 2026-09-24T15:08:00+00:00
- Read time: 1 min
- Topics: uae, saudi arabia, india refining sector, hardeep singh puri, oil refining capacity, downstream market
## UAE Saudi Arabia Interest
India's oil minister Hardeep Singh Puri stated the United Arab Emirates and Saudi Arabia are interested in investing in India's refining sector.

> nobody wants to come and invest in a refinery unless they can also get a slice of your growing downstream market
## India Refining Capacity Target
India aims to expand refining capacity from 5.4 million barrels per day to 6.2-6.4 million barrels per day.
## Refinery Investment Cost
Building a new refinery costs 780 billion to 800 billion rupees ($8.13-$8.34 billion).
## Investment Motivation
Puri noted investors seek access to India's growing downstream market for refining investments.
## Investment Readiness
UAE and Saudi Arabia are keen on these investments due to India's expanding downstream market.
## Key takeaway

UAE and Saudi Arabia seek to invest in India's refining sector to access growing downstream market.