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Saudi Aramco Buys into Reliance Refinery

22:54 EDT 14 Aug 2019 | CHEManager

Following up plans hinted at last spring by The Times of India, Saudi Aramco has signed a non-binding Letter of Intent (LOI) to acquire a 20% stake in the Oil-to-Chemicals division of India’s Reliance Industries (RIL). Recently, reports had suggested the deal had fallen apart over a failure to agree on the value of the assets and RIL’s wish to include debt.

Original Article: Saudi Aramco Buys into Reliance Refinery

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