{"id":454947,"date":"2021-12-08T11:37:17","date_gmt":"2021-12-08T06:07:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454947"},"modified":"2021-12-08T12:51:31","modified_gmt":"2021-12-08T07:21:31","slug":"reliance-to-invest-2-billion-in-a-petrochem-facility-in-uae","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-to-invest-2-billion-in-a-petrochem-facility-in-uae\/","title":{"rendered":"Reliance to invest $2 billion in a petrochem facility in UAE"},"content":{"rendered":"<p>Reliance and Saudi Aramco are forking out in separate directions within weeks of scrapping their proposed mega deal in Reliance\u2019s oil-to-chemicals (O2C) business.<\/p>\n<p>Reliance on Tuesday said it would set up a $2 billion chemicals facility with Aramco rival, the Abu Dhabi oil giant ADNOC, while Saudi Aramco has agreed to sell a 49 per cent stake in its natural gas-pipeline business to a consortium led by Blackrock and Saudi-backed Hassana Investment Company for $15 million. <\/p>\n<p>Reliance and Saudi Aramco last month said they had shelved their plan of the Saudi giant picking up a 20 per cent stake in RIL\u2019s O2C business over valuation differences amid the Mukesh Ambani company\u2019s pronounced tilt towards renewable energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance and Saudi Aramco are forking out in separate directions within weeks of scrapping their proposed mega deal in Reliance\u2019s oil-to-chemicals (O2C) business. Reliance on Tuesday said it would set up a $2 billion chemicals facility with Aramco rival, the Abu Dhabi oil giant ADNOC, while Saudi Aramco has agreed to sell a 49 per cent stake in its natural gas-pipeline business to a consortium led by Blackrock and Saudi-backed Hassana Investment Company for $15 million. Reliance and Saudi Aramco last month said they had shelved their plan of the Saudi giant picking up a 20 per cent stake in [&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":[130,215,148],"tags":[],"class_list":["post-454947","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454947","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=454947"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454947\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}