{"id":269519,"date":"2019-04-18T05:45:00","date_gmt":"2019-04-18T05:45:00","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=269519"},"modified":"2019-04-18T05:45:00","modified_gmt":"2019-04-18T05:45:00","slug":"ril-aramco-deal-fits-well-for-both-their-future-strategies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-aramco-deal-fits-well-for-both-their-future-strategies\/","title":{"rendered":"RIL-Aramco deal fits well for both their future strategies"},"content":{"rendered":"<p>Reliance Industries (RIL), which owns the world&#8217;s largest refinery, appears to be making a shift towards consumer businesses, while Saudi Arabia has been taking conscious steps towards de-linking its economy from oil.<\/p>\n<p>The two strategies&#8211;one corporate and the other national&#8211;could find a point of convergence to make way for an RIL-Saudi Aramco deal, news reports suggest. Aramco is a Saudi-owned petroleum company, which Bloomberg recently reported to be the most profitable in the world. <\/p>\n<p>According to a Times of India report, serious discussions are on between the two companies for a 25 per cent stake in RIL\u2019s refining and petrochemicals business. The report pegged the value of the deal at $10-$15 billion. RIL declined to comment on the reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL), which owns the world&#8217;s largest refinery, appears to be making a shift towards consumer businesses, while Saudi Arabia has been taking conscious steps towards de-linking its economy from oil. The two strategies&#8211;one corporate and the other national&#8211;could find a point of convergence to make way for an RIL-Saudi Aramco deal, news reports suggest. Aramco is a Saudi-owned petroleum company, which Bloomberg recently reported to be the most profitable in the world. According to a Times of India report, serious discussions are on between the two companies for a 25 per cent stake in RIL\u2019s refining and petrochemicals [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-269519","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=269519"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269519\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=269519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=269519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=269519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}