Saudi Aramco in Talks to Acquire 25% stake in Reliance Refining, Petrochemicals
Saudi Aramco, the world’s largest crude oil producer and refiner, is in serious discussions to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, as stated in local news report. The agreement on valuation could be reached around June, the Indian newspaper reported, citing people with knowledge of the development. … Read more