{"id":359088,"date":"2020-06-24T12:08:55","date_gmt":"2020-06-24T06:38:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359088"},"modified":"2020-06-24T12:39:49","modified_gmt":"2020-06-24T07:09:49","slug":"reliance-industries-upbeat-on-aramco-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-upbeat-on-aramco-deal\/","title":{"rendered":"Reliance Industries upbeat on Aramco deal"},"content":{"rendered":"<p>Reliance Industries Ltd (RIL) is pursuing the deal with Saudi Aramco under which the Saudi Arabia energy giant is expected to pick up a 20 per cent stake in RIL\u2019s oil-to-chemicals business for $15 billion based on an enterprise valuation of $ 75 billion. <\/p>\n<p>In a letter to shareholders in the company\u2019s annual report for 2019-20, RIL chairman Mukesh Ambani said: \u201cIn the energy businesses, Reliance is working to complete the contours of a strategic partnership with Saudi Aramco. The partnership gives our refineries access to a wide portfolio of value-accretive crude grades and enhanced feedstock security for a higher oil-to-chemicals conversion.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL) is pursuing the deal with Saudi Aramco under which the Saudi Arabia energy giant is expected to pick up a 20 per cent stake in RIL\u2019s oil-to-chemicals business for $15 billion based on an enterprise valuation of $ 75 billion. In a letter to shareholders in the company\u2019s annual report for 2019-20, RIL chairman Mukesh Ambani said: \u201cIn the energy businesses, Reliance is working to complete the contours of a strategic partnership with Saudi Aramco. The partnership gives our refineries access to a wide portfolio of value-accretive crude grades and enhanced feedstock security for a higher [&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":[130,215,148],"tags":[],"class_list":["post-359088","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359088","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=359088"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359088\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}