MUMBAI: Reliance Industries has declined comments on reports that the company is in talks with Saudi Aramco to sell 25% in its refining and petrochemical business but stated that the conglomerate evaluates opportunities on an ongoing basis.
Saudi Aramco, world’s largest oil exporter, is believed to have first shown interest in Reliance about four months ago but the talks gathered momentum after Saudi crown prince Mohammed bin Salman (MBS) visited India in February. He had then met RIL’s head Mukesh Ambani.
