Aramco plans to buy Reliance refining stake as earnings drop

Aramco plans to buy Reliance refining stake as earnings drop
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

13.08.2019

MOSCOW (MRC) -- Saudi Aramco plans to buy a stake in the refining and chemicals business of India's Reliance Industries Ltd., moving to diversify from Saudi Arabia as its first half-year earnings report showed a drop in net income, said Bloomberg.The purchase by Aramco, the largest oil exporter and the most profitable company in the world, precedes a planned public offering that could be

Full article at mrcplast.com

Back

news