Saudi Aramco is still working on deal to invest $15b in India’s RIL

The Saudi Aramco logo is pictured at the company’s oil facility in Saudi Arabia, REUTERS/Maxim Shemetov

The Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest crude oil producer, said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd’s (RIL) oil-to-chemicals business, Bloomberg reported.

“We are still in discussions with Reliance,” Aramco chief executive officer Amin Nasser said on a call with reporters on Sunday. “The work is still on. We will update our shareholders in due course about the Reliance deal.”

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