Thursday, April 29, 2021

View: Sorry, Aramco, Reliance just isn’t that into you

Reliance Industries Ltd., owner of the world’s 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 — not far off the $15 billion price tag put on 20% of Reliance’s energy division, at the time the Saudi company first took an interest in buying a stake in 2019.

from Energy-Industry-Economic Times https://ift.tt/3nHLwpb

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