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

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

Africa export finance fires on all cylinders with Citi’s Hodder

Interview

03 August 2026

Africa export finance fires on all cylinders with Citi’s...

Richard Hodder, head of export finance at Citi, outlines Citi’s Africa export finance strategy, discusses the evolution of ECA shopping lines in Europe and changes at US Exim....

Asia export finance: More grey than green

Perspective

07 August 2026

Asia export finance: More grey than green

Asia’s export finance market is open and institutionally committed — but quieter on volume, stricter on content, and leaning on LNG and strategic supply chains rather than a...

Must See

Imagro's Pollio talks Sace and supplier credits

Video

30 July 2026

Imagro's Pollio talks Sace and supplier credits

Massimo Pollio, CEO of Imagro, evangelises about the potential for supplier credits for European growth, financing Egyptian rail infrastructure, working with Sace using its 'push' strategy, on the sidelines of TXF Global in Prague.

Interview

03 August 2026

Africa export finance fires on all cylinders with Citi’s Hodder

Richard Hodder, head of export finance at Citi, outlines Citi’s Africa export finance strategy, discusses the evolution of ECA shopping lines in Europe and changes at US Exim. Will the bank be able to maintain its arranging momentum?

Perspective

07 August 2026

Asia export finance: More grey than green

Asia’s export finance market is open and institutionally committed — but quieter on volume, stricter on content, and leaning on LNG and strategic supply chains rather than a pure green boom.