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