{"id":367268,"date":"2020-08-11T09:31:25","date_gmt":"2020-08-11T04:01:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367268"},"modified":"2020-08-11T09:55:41","modified_gmt":"2020-08-11T04:25:41","slug":"aramco-still-working-on-deal-to-buy-15-bn-stake-in-reliance-industries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-still-working-on-deal-to-buy-15-bn-stake-in-reliance-industries\/","title":{"rendered":"Aramco still working on deal to buy $15 bn stake in Reliance Industries"},"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 force it to slash other investments. <\/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 India\u2019s Reliance would help the world\u2019s biggest crude exporter join the ranks of the top oil refiners and chemical makers. State-owned Aramco, which bought chemical firm Saudi Basic Industries Corp. for $70 billion this year, is already a major supplier of crude to India, while Reliance sells petroleum products such as 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 force it to slash other investments. 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 India\u2019s Reliance would help the world\u2019s biggest crude exporter join the ranks of the top oil refiners and chemical makers. State-owned Aramco, which bought chemical firm Saudi Basic Industries Corp. for $70 billion this year, is [&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-367268","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\/367268","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=367268"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367268\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}