Aramco in talks to buy 20% stake in Reliance's oil refining, chemicals biz

Aramco in talks to buy 20% stake in Reliance's oil refining, chemicals biz

Saudi Aramco is in advanced talks to acquire a roughly 20% stake in Reliance Industries Ltd’s oil refining and chemicals business for about $20 billion to $25 billion in Aramco‘s shares, Bloomberg News reported on Monday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter