{"id":407422,"date":"2021-03-27T08:41:18","date_gmt":"2021-03-27T03:11:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407422"},"modified":"2021-03-27T09:04:13","modified_gmt":"2021-03-27T03:34:13","slug":"reliance-industries-saudi-aramco-deal-likely-if-crude-oil-averages-65","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-saudi-aramco-deal-likely-if-crude-oil-averages-65\/","title":{"rendered":"Reliance Industries-Saudi Aramco deal likely if crude oil averages $65"},"content":{"rendered":"<p>A fall in crude oil price and Aramco&#8217;s USD 75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd&#8217;s oil-to-chemical unit (O2C), research firm Jefferies said.<\/p>\n<p>Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world&#8217;s largest oil exporter.<\/p>\n<p>The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.<\/p>\n<p>In a report, Jefferies said Saudi Aramco recently reiterated its focus on downstream investments in India and China and it could replicate its downstream investment model in China by investment in RIL&#8217;s O2C business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fall in crude oil price and Aramco&#8217;s USD 75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd&#8217;s oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world&#8217;s largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company. In a report, Jefferies said Saudi [&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-407422","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\/407422","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=407422"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407422\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}