Reliance to reevaluate $15b stake sale in O2C arm to Saudi Aramco

Reliance to reevaluate $15b stake sale in O2C arm to Saudi Aramco

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

India’s Reliance Industries Ltd said on Friday it had decided with Saudi Aramco to reevaluate the oil giant’s proposed roughly $15 billion investment in Reliance‘s oil-to-chemicals (O2C) business.

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