Could one of the energy industry\u2019s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so.<\/p>\n
\u201cThere are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world\u201d in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday.<\/p>\n
Prince Mohammed didn\u2019t disclose which company might make the investment, but you don\u2019t have to be a Jane Austen protagonist to work out the most likely partner. Reliance Industries Ltd. NSE -0.20 %, owner of the world\u2019s biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years. At current prices, 1% of Aramco would be worth about $19 billion \u2014 not far off the $15 billion price tag put on 20% of Reliance\u2019s energy division, at the time the Saudi company first took an interest in buying a stake in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Could one of the energy industry\u2019s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so. \u201cThere are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world\u201d in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday. Prince Mohammed didn\u2019t disclose which company might make the investment, but you don\u2019t have to be a Jane Austen protagonist to work out the most likely partner. Reliance Industries Ltd. NSE -0.20 %, owner of the world\u2019s biggest oil refinery, has […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-412843","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412843","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=412843"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412843\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}