News
22 November 2021

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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Expert opinion
11 May 2026

Why SMEs are the future of export finance

SME EPC contractors may lack the scale and track record of the industry’s traditional heavyweights, but in emerging market infrastructure they are becoming too important for...

Perspective
15 May 2026

Shopping lines: The new darling of export finance

Shopping lines credits are emerging as a key evolution in export finance. The tailored and flexible product is bound by procurement commitments unlike rigid buyer credits -...