{"id":367206,"date":"2020-08-10T12:30:22","date_gmt":"2020-08-10T07:00:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367206"},"modified":"2020-08-10T14:08:51","modified_gmt":"2020-08-10T08:38:51","slug":"aramco-still-aims-for-15-billion-investment-in-rils-refining-and-chemicals-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-still-aims-for-15-billion-investment-in-rils-refining-and-chemicals-business\/","title":{"rendered":"Aramco still aims for $15 billion investment in RIL\u2019s refining and chemicals business"},"content":{"rendered":"<p>Saudi Aramco said it\u2019s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd\u2019s refining and chemicals business, even as lower oil prices forces it to slash investment spending.<\/p>\n<p>Reliance\u2019s shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed \u201cdue to unforeseen circumstances in the energy market and the Covid-19 situation.\u201d<\/p>\n<p>A deal with Reliance would help the world\u2019s biggest crude exporter join the ranks of the top oil refiners and chemical makers. State-owned Aramco is already a major supplier of crude to India, while Reliance sells petroleum products, including gasoline, to the kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco said it\u2019s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd\u2019s refining and chemicals business, even as lower oil prices forces it to slash investment spending. Reliance\u2019s shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed \u201cdue to unforeseen circumstances in the energy market and the Covid-19 situation.\u201d A deal with Reliance would help the world\u2019s biggest crude exporter join the ranks of the top oil refiners and chemical makers. State-owned Aramco is already a major supplier of crude to India, while Reliance sells petroleum products, including [&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],"tags":[],"class_list":["post-367206","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367206","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=367206"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367206\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}