{"id":367424,"date":"2020-08-11T12:30:13","date_gmt":"2020-08-11T07:00:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367424"},"modified":"2020-08-11T12:30:13","modified_gmt":"2020-08-11T07:00:13","slug":"aramco-still-aims-for-15-billion-deal-with-indias-reliance","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-still-aims-for-15-billion-deal-with-indias-reliance\/","title":{"rendered":"Aramco still aims for $15 billion deal with India\u2019s Reliance"},"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":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-367424","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367424","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=367424"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367424\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}