Reliance Aramco News
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India's Reliance Denies Report Of Bid For UK Telecom BT Group
Last week, Reliance and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of Reliance due to valuation concerns.
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Reliance, Aramco Call Off $15 Billion Deal Amid Valuation Differences, Sources Say
The collapse of the deal reflects the changing global energy landscape as oil and gas companies shift away from fossil fuel to renewables.
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Why Reliance Called Off $15 Billion Deal With Aramco
Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the conglomerate due to valuation concerns, sources with knowledge of the matter said.
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Reliance To Re-Evaluate Saudi Aramco's Stake In Oil-To-Chemicals Arm
Billionaire Mukesh Ambani-led Reliance Industries has withdrawn its application with the National Company Law Tribunal (NCLT) for segregating its oil-to-chemicals (O2C) business, following a mutual decision with Saudi Aramco to re-evaluate the stake sale of the O2C arm. The move came in light of Reliance's new energy business plans and the ''evolvi...
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Reliance Backs Saudi Aramco Chairman As Independent Director
Reliance Industries Ltd said on Wednesday Saudi Aramco Chairman Yasir Al-Rumayyan met all regulatory criteria for his appointment as an independent director, pending a shareholder approval on the decision.
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India Offers To Lift Regular Saudi Oil Volumes In June After May Cuts: Sources
India urged refiners to diversify crude sources to cut reliance on the Middle East and directed them to reduce intake of Saudi oil. The refiners cut purchases by over a third in May.
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Saudi Aramco Deal Not Progressed As Plan Due To COVID-19, Says Mukesh Ambani
Reliance Industries' shares declined 5% after Mr Ambani's announcement
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Mukesh Ambani Named World's Ninth Richest, With 2 Others
Mr Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses - Reliance Jio, Reliance Retail, refining and petrochemicals. The conglomerate aims to be a zero net debt company in 18 months and is in discussion to sell 20 per cent oil-to-chemicals business to Saudi Aramco, at an enterprise value o...
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Bharat Petroleum Shares Fall After Government's Mega Privatisation Plan
Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.
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Reliance Industries' Aramco Deal To Lower Its 2020-21 Earnings By 9%: Morgan Stanley
RIL plans to sell a 20 per cent stake at an enterprise value of $75 billion. It will also source 500 kbpd of oil from Saudi Aramco.
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Reliance Industries' Stake Sale To Saudi Aramco Credit Positive: Moody's
In addition, RIL has announced it will sell a 49 per cent stake in its fuel marketing business in India to BP plc for $1 billion.
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India's Reliance Denies Report Of Bid For UK Telecom BT Group
Last week, Reliance and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of Reliance due to valuation concerns.
-
Reliance, Aramco Call Off $15 Billion Deal Amid Valuation Differences, Sources Say
The collapse of the deal reflects the changing global energy landscape as oil and gas companies shift away from fossil fuel to renewables.
-
Why Reliance Called Off $15 Billion Deal With Aramco
Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the conglomerate due to valuation concerns, sources with knowledge of the matter said.
-
Reliance To Re-Evaluate Saudi Aramco's Stake In Oil-To-Chemicals Arm
Billionaire Mukesh Ambani-led Reliance Industries has withdrawn its application with the National Company Law Tribunal (NCLT) for segregating its oil-to-chemicals (O2C) business, following a mutual decision with Saudi Aramco to re-evaluate the stake sale of the O2C arm. The move came in light of Reliance's new energy business plans and the ''evolvi...
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Reliance Backs Saudi Aramco Chairman As Independent Director
Reliance Industries Ltd said on Wednesday Saudi Aramco Chairman Yasir Al-Rumayyan met all regulatory criteria for his appointment as an independent director, pending a shareholder approval on the decision.
-
India Offers To Lift Regular Saudi Oil Volumes In June After May Cuts: Sources
India urged refiners to diversify crude sources to cut reliance on the Middle East and directed them to reduce intake of Saudi oil. The refiners cut purchases by over a third in May.
-
Saudi Aramco Deal Not Progressed As Plan Due To COVID-19, Says Mukesh Ambani
Reliance Industries' shares declined 5% after Mr Ambani's announcement
-
Mukesh Ambani Named World's Ninth Richest, With 2 Others
Mr Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses - Reliance Jio, Reliance Retail, refining and petrochemicals. The conglomerate aims to be a zero net debt company in 18 months and is in discussion to sell 20 per cent oil-to-chemicals business to Saudi Aramco, at an enterprise value o...
-
Bharat Petroleum Shares Fall After Government's Mega Privatisation Plan
Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.
-
Reliance Industries' Aramco Deal To Lower Its 2020-21 Earnings By 9%: Morgan Stanley
RIL plans to sell a 20 per cent stake at an enterprise value of $75 billion. It will also source 500 kbpd of oil from Saudi Aramco.
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Reliance Industries' Stake Sale To Saudi Aramco Credit Positive: Moody's
In addition, RIL has announced it will sell a 49 per cent stake in its fuel marketing business in India to BP plc for $1 billion.
