Reliance Industries’ Aramco stake deal on track despite Covid
- Date: 03-May-2020
- Source: Trade Arabia
- Sector:Economy
- Country:Saudi Arabia
Reliance Industries’ Aramco stake deal on track despite Covid
Billionaire Mukesh Ambani had in August last year announced initial agreements for the sale of its key stakes in the oil-to-chemical business to the Saudi Aramco.. In line with this, RIL said it plans to hive off its oil-to-chemicals (O2C) business into a separate division to enable the sale of 20 per cent stake in Aramco..