Reliance Industries' $15 Billion Deal With Saudi Aramco: 10 Points

Saudi Aramco will invest $15 billion for buying 20 per cent in the Reliance Industries oil-to-chemicals division. Saudi Aramco will also supply 5,00,000 barrels of crude oil a day on a long-term basis to Reliance Industries' Jamnagar refinery, Mr Ambani said. "This signifies perfect synergy between the world's largest oil producer and the world's largest integrated refinery and petrochemicals complex," he added. The deal should ...