{"id":406705,"date":"2021-03-24T10:19:44","date_gmt":"2021-03-24T04:49:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406705"},"modified":"2021-03-24T11:08:48","modified_gmt":"2021-03-24T05:38:48","slug":"saudi-aramco-still-in-discussion-to-pick-up-stake-in-rils-o2c-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-still-in-discussion-to-pick-up-stake-in-rils-o2c-business\/","title":{"rendered":"Saudi Aramco still in discussion to pick up stake in RIL&#8217;s O2C business"},"content":{"rendered":"<p>Energy major Saudi Aramco remains in discussion with Reliance Industries Ltd (RIL) for a potential deal to buy a 20% stake in its oil-to-chemical (O2C) unit, Morgan Stanley Research said on Monday in a note to clients.<\/p>\n<p>The research firm cited Saudi Aramco&#8217;s analyst call post announcing its 2020 earnings this week.<\/p>\n<p>&#8220;Saudi Aramco&#8217;s CY20 conference call indicated that it is still in discussion with Reliance to evaluate existing opportunities as potential partners, regarding the non-binding MoU signed with Reliance for its O2C business,&#8221; Morgan Stanley said in a note. <\/p>\n<p>RIL had announced plans to sell a 20% stake in its O2C business to Saudi Aramco as part of its deleveraging exercise in August 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy major Saudi Aramco remains in discussion with Reliance Industries Ltd (RIL) for a potential deal to buy a 20% stake in its oil-to-chemical (O2C) unit, Morgan Stanley Research said on Monday in a note to clients. The research firm cited Saudi Aramco&#8217;s analyst call post announcing its 2020 earnings this week. &#8220;Saudi Aramco&#8217;s CY20 conference call indicated that it is still in discussion with Reliance to evaluate existing opportunities as potential partners, regarding the non-binding MoU signed with Reliance for its O2C business,&#8221; Morgan Stanley said in a note. RIL had announced plans to sell a 20% stake in [&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":[139,130,187],"tags":[],"class_list":["post-406705","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406705","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=406705"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406705\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}