Aramco stocks Reliance’s war chest for disruption

📆 13/08/2019 06:19:00
📰 Breakingviews

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Aramco stocks Reliance’s war chest for disruption, says ugalani:

Reliance Industries said at its annual general meeting on Aug. 12 that it would sell 20% of its oil-to-chemicals business to Saudi Aramco at a valuation of $75 billion, including debt.

Aramco will also supply 500,000 barrels a day of crude oil on a long-term basis for Reliance’s Jamnagar refinery. Saudi Aramco separately on Aug. 12 reported a 12% year-on-year drop in first-half earnings to $46.9 billion, mainly due to a 4% drop in the average realised price of crude oil. Aramco said it generated total revenues of $163.9 billion in the first half of this year, down from $167.7 billion a year earlier.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Breakingviews - Aramco stocks Reliance’s war chest for disruption(Reuters Breakingviews) - India’s richest man is stocking up his disruption war ...
La source: Reuters - 🏆 2. / 97 Lire la suite »

Saudi Aramco aims to buy Reliance stake, reports lower earningsSaudi Aramco still world's most profitable company despite oil price hit. Read more: EL'REPRESENTANTE'DE DIOS EL 'PAPA'QUIERE PASAR 'AGACHAO'ANTE EL CRIMINAL BLOQUEO,DELITO DE 'LESA HUMANIDAD'DEL IMPERIO CONTRA VENEZUELA,SIGNIFICA COMO EN TODAS LAS ÉPOCAS,QUE EL CLERO ESTA A FAVOR DE LOS IMPERIOS,O QUE SE LAVA LAS MANOS,COMO PILATOS LA BOLAS DEL,RETWITEAR $2 trillion......that's massive . Everybody needs oil !
La source: Reuters - 🏆 2. / 97 Lire la suite »