{"id":367555,"date":"2020-08-14T09:59:23","date_gmt":"2020-08-14T04:29:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367555"},"modified":"2020-08-14T10:15:22","modified_gmt":"2020-08-14T04:45:22","slug":"aramco-doing-due-diligence-for-buying-20-stake-in-reliances-o2c-biz-ceo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-doing-due-diligence-for-buying-20-stake-in-reliances-o2c-biz-ceo\/","title":{"rendered":"Aramco doing due diligence for buying 20% stake in Reliance&#8217;s O2C biz: CEO"},"content":{"rendered":"<p>Saudi Aramco, the world&#8217;s largest oil exporter, is doing due diligence on buying a $15 billion stake in Reliance Industries Ltd&#8217;s refining and petrochemical business, its CEO Amin Nasser said. <\/p>\n<p>Billionaire Mukesh Ambani had in August last year announced plans to sell to Aramco a 20 per cent stake in RIL&#8217;s oil-to-chemical (O2C) business, which he valued at $75 billion. The deal was to close by March 2020 but has been delayed. <\/p>\n<p>&#8220;With regard to the Reliance deal, all I can say at this stage (is that) it&#8217;s going through the due diligence,&#8221; Nasser said in June quarter earnings call with investors. <\/p>\n<p>&#8220;So, depending on the due diligence, we will make our decision after we complete the due diligence on that deal.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco, the world&#8217;s largest oil exporter, is doing due diligence on buying a $15 billion stake in Reliance Industries Ltd&#8217;s refining and petrochemical business, its CEO Amin Nasser said. Billionaire Mukesh Ambani had in August last year announced plans to sell to Aramco a 20 per cent stake in RIL&#8217;s oil-to-chemical (O2C) business, which he valued at $75 billion. The deal was to close by March 2020 but has been delayed. &#8220;With regard to the Reliance deal, all I can say at this stage (is that) it&#8217;s going through the due diligence,&#8221; Nasser said in June quarter earnings call [&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-367555","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\/367555","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=367555"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367555\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}