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.”
