Reliance Industries’ Aramco stake deal on track despite Covid

  • Date: 03-May-2020
  • Source: Trade Arabia
  • Sector:Economy
  • Country:Saudi Arabia
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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..

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