{"id":451053,"date":"2021-11-22T12:02:16","date_gmt":"2021-11-22T06:32:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451053"},"modified":"2021-11-22T12:02:16","modified_gmt":"2021-11-22T06:32:16","slug":"reliance-saudi-aramco-to-re-evaluate-15-bn-investment-proposal-in-o2c","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-saudi-aramco-to-re-evaluate-15-bn-investment-proposal-in-o2c\/","title":{"rendered":"Reliance, Saudi Aramco to re-evaluate $15-bn investment proposal in O2C"},"content":{"rendered":"<p>NEW DELHI: Reliance Industries Ltd (RIL) and Saudi Aramco on Saturday mutually decided to re-evaluate the proposed $15 billion investment by Aramco in the oil-to-chemical (O2C) business in the light of Reliance\u2019s forays into the energy sector. The firm, in a statement informed that it is also withdrawing the application with NCLT for segregating O2C business from RIL.<\/p>\n<p>\u201cDue to the evolving nature of Reliance\u2019s business portfolio, Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,\u201d said RIL in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Reliance Industries Ltd (RIL) and Saudi Aramco on Saturday mutually decided to re-evaluate the proposed $15 billion investment by Aramco in the oil-to-chemical (O2C) business in the light of Reliance\u2019s forays into the energy sector. The firm, in a statement informed that it is also withdrawing the application with NCLT for segregating O2C business from RIL. \u201cDue to the evolving nature of Reliance\u2019s business portfolio, Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,\u201d said RIL in a [&hellip;]<\/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":[130,207,143],"tags":[],"class_list":["post-451053","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451053","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=451053"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451053\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}