Aramco in advanced talks on up to USD25 bln Reliance deal

Aramco in advanced talks on up to USD25 bln Reliance deal
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17.08.2021

MOSCOW (MRC) -- Saudi AramcoВ is in advanced talks to acquire a roughly 20% stake in Reliance Industries Ltd'sВ oil refining and chemicals business for about USD20 billion to USD25 billion in Aramco's shares, said Reuters.An agreement could be reached as soon as the coming weeks, according to the report, which cited people with knowledge of the matter. Aramco and Reliance declined to com

Full article at mrcplast.com

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