Reliance To Re-Evaluate Saudi Aramco's Stake In Oil-To-Chemicals Arm

In August 2019, Reliance Industries - which operates the world's largest refinery, had signed a letter of intent with top oil exporter Saudi Aramco, for the latter to potentially acquire a 20 per cent stake in its oil-to-chemicals arm. The $15 billion deal was expected to be completed by March 2020 but was delayed. However, the oil-to-telecom conglomerate said in its statement today that it would be ''beneficial for both parties''...