{"id":362951,"date":"2020-07-16T10:14:18","date_gmt":"2020-07-16T04:44:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362951"},"modified":"2020-07-16T10:37:59","modified_gmt":"2020-07-16T05:07:59","slug":"saudi-aramco-deal-hasnt-progressed-as-per-original-timeline-mukesh-ambani","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-deal-hasnt-progressed-as-per-original-timeline-mukesh-ambani\/","title":{"rendered":"Saudi Aramco deal hasn&#8217;t progressed as per original timeline: Mukesh Ambani"},"content":{"rendered":"<p>Reliance Industries (RIL)&#8217;s deal to sell a stake in its oil-to-chemicals (O2C) division to Saudi Aramco has not progressed as per its original timeline, said Mukesh Ambani, chairman and managing director for RIL, at the company&#8217;s annual general meeting on Wednesday. <\/p>\n<p>&#8220;Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed as per the original timeline. Our equity requirements have already been met,&#8221; Ambani said in his AGM address. He added,&#8221; Nevertheless, we at Reliance value our over two-decade-long relationship with Saudi Aramco and are committed to a long-term partnership.&#8221; <\/p>\n<p>At the company&#8217;s last AGM in August 2019, Ambani announced the plan to sell a stake in the company&#8217;s O2C&#8217;s business to Saudi Aramco.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL)&#8217;s deal to sell a stake in its oil-to-chemicals (O2C) division to Saudi Aramco has not progressed as per its original timeline, said Mukesh Ambani, chairman and managing director for RIL, at the company&#8217;s annual general meeting on Wednesday. &#8220;Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed as per the original timeline. Our equity requirements have already been met,&#8221; Ambani said in his AGM address. He added,&#8221; Nevertheless, we at Reliance value our over two-decade-long relationship with Saudi Aramco and are committed to a long-term partnership.&#8221; At the company&#8217;s [&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-362951","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\/362951","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=362951"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362951\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}