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Working To Complete Contours Of Saudi Aramco Deal, Says Mukesh Ambani | Business Standard News

by business-standard.com posted 8months ago 116 views
The deal was to be concluded by March 2020 but has been delayed. : Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Tuesday said it is working to complete contours of a USD 15-billion deal with Saudi Aramco but did not give a timeline for its completion. Richest Indian Mukesh Ambani in August last year announced talks for sale of 20 per cent stake in the oil-to-chemical (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to be concluded by March 2020 but has been delayed.

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