{"id":287350,"date":"2019-08-16T07:25:27","date_gmt":"2019-08-16T07:25:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287350"},"modified":"2019-08-16T07:25:27","modified_gmt":"2019-08-16T07:25:27","slug":"ril-deal-to-allow-saudi-aramco-to-reclaim-spot-as-top-crude-supplier-to-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-deal-to-allow-saudi-aramco-to-reclaim-spot-as-top-crude-supplier-to-india\/","title":{"rendered":"RIL deal to allow Saudi Aramco to reclaim spot as top crude supplier to India"},"content":{"rendered":"<p>Saudi Aramco\u2019s proposed purchase of part of India\u2019s Reliance Industries Ltd. will allow it to regain its grip on the world\u2019s fastest-growing oil market where suppliers including the US and Russia are making inroads.<\/p>\n<p>Aramco\u2019s plan to buy 20% of the oil-to-chemicals business of Reliance &#8212; which includes the world\u2019s biggest refining complex at Jamnagar on India\u2019s west coast &#8212; comes with an assurance to buy half a million barrels a day of the kingdom\u2019s crude on a long-term basis. That\u2019s around 25 million tons a year and will allow Saudi Arabia to easily reclaim the top supplier spot from Iraq.<\/p>\n<p>Asia has traditionally bought the bulk of its oil from the Middle East, but that\u2019s changing as the US ramps up shale exports, Russia looks for new customers and Saudi Arabia leads OPEC efforts to curb production to prop up prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco\u2019s proposed purchase of part of India\u2019s Reliance Industries Ltd. will allow it to regain its grip on the world\u2019s fastest-growing oil market where suppliers including the US and Russia are making inroads. Aramco\u2019s plan to buy 20% of the oil-to-chemicals business of Reliance &#8212; which includes the world\u2019s biggest refining complex at Jamnagar on India\u2019s west coast &#8212; comes with an assurance to buy half a million barrels a day of the kingdom\u2019s crude on a long-term basis. That\u2019s around 25 million tons a year and will allow Saudi Arabia to easily reclaim the top supplier spot from [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-287350","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287350","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287350"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287350\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}