Aramco in talks to buy stake in refining business of India's Reliance

DUBAI/NEW DELHI - State oil giant Saudi Aramco, the world’s biggest oil producer, is in talks to buy a minority stake in the refining and petrochemicals businesses of India’s Reliance Industries Ltd, sources familiar with the matter said on Wednesday.

The Times of India reported earlier that Aramco was in talks to buy a stake of up to 25 percent, which could be worth around $10-15 billion, valuing the Indian company’s refining and petrochemicals businesses at some $55-60 billion. Aramco is expanding its refining and petrochemical business globally by signing new deals and boosting the capacity of its existing plants.

However, the planned refinery faces delays, as thousands of farmers have refused to surrender land for it and the Maharashtra government is looking to move the plant’s location.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Aramco: Here's everything you need to know about the world's most profitable company's debut bondSaudi Aramco smashed expectations to secure a debut bond issue with lower yields than the Saudi Arabian government, which owns the company.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »