Reliance to reevaluate $15bn stake sale in oil-to-chemicals arm to Saudi Aramco

In:

Oil & gas

Region:

Middle East & Africa, Asia-Pacific

India's Reliance Industries has decided with Saudi Aramco to reevaluate the oil giant's proposed roughly $15 billion investment in Reliance's oil-to-chemicals (O2C) business. The 20% stake sale in the unit was announced in 2019, but was delayed as oil prices and demand crashed last year...

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