{"id":439702,"date":"2021-10-04T09:08:05","date_gmt":"2021-10-04T03:38:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439702"},"modified":"2021-10-04T09:52:41","modified_gmt":"2021-10-04T04:22:41","slug":"reliance-floats-subsidiary-in-united-arab-emirates-for-trading-in-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-floats-subsidiary-in-united-arab-emirates-for-trading-in-oil\/","title":{"rendered":"Reliance floats subsidiary in United Arab Emirates for trading in oil"},"content":{"rendered":"<p>Reliance Industries has incorporated a new subsidiary in the UAE for trading in crude oil, petroleum products and agricultural commodities.<\/p>\n<p>Reliance International Ltd has been incorporated as a wholly-owned subsidiary in Abu Dhabi Global Market, the United Arab Emirates (UAE), the firm said in a stock exchange filing.<\/p>\n<p>&#8220;The company has invested Rs 7.42 crore or USD 1 million in cash in 10 lakh equity shares of USD 1 each of &#8216;Reliance International Limited&#8217;,&#8221; the filing said.<\/p>\n<p>The plans follow an announcement in June that the Indian conglomerate will invest in projects of Abu Dhabi National Oil Co. to produce chemicals that can be used for infrastructure and consumer goods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries has incorporated a new subsidiary in the UAE for trading in crude oil, petroleum products and agricultural commodities. Reliance International Ltd has been incorporated as a wholly-owned subsidiary in Abu Dhabi Global Market, the United Arab Emirates (UAE), the firm said in a stock exchange filing. &#8220;The company has invested Rs 7.42 crore or USD 1 million in cash in 10 lakh equity shares of USD 1 each of &#8216;Reliance International Limited&#8217;,&#8221; the filing said. The plans follow an announcement in June that the Indian conglomerate will invest in projects of Abu Dhabi National Oil Co. to produce [&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-439702","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\/439702","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=439702"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439702\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}