{"id":451117,"date":"2021-11-22T11:14:12","date_gmt":"2021-11-22T05:44:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451117"},"modified":"2021-11-22T12:33:51","modified_gmt":"2021-11-22T07:03:51","slug":"usd-15-bn-reliance-aramco-deal-off-cos-re-evaluate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/usd-15-bn-reliance-aramco-deal-off-cos-re-evaluate\/","title":{"rendered":"USD 15 bn Reliance-Aramco deal off, cos re-evaluate"},"content":{"rendered":"<p>After missing two self-imposed deadlines, billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd has shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for an asking of USD 15 billion as the Indian firm focuses on new energy business.<\/p>\n<p>&#8220;Due to evolving nature of Reliance&#8217;s 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,&#8221; the Indian firm said late Friday, adding that it will continue to be Saudi Aramco&#8217;s &#8220;preferred partner&#8221; for investments in India&#8217;s private sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After missing two self-imposed deadlines, billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd has shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for an asking of USD 15 billion as the Indian firm focuses on new energy business. &#8220;Due to evolving nature of Reliance&#8217;s 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,&#8221; the Indian firm said late Friday, adding that it will continue to be 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":[130,211,144],"tags":[],"class_list":["post-451117","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451117","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=451117"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451117\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}