Print Page  |  Contact Us  |  Sign In  |  Register
News & Press: Industry News

Saudi Aramco's talks to buy minority stake in RIL's refining assets stall

Wednesday, July 24, 2019   (0 Comments)
Posted by: Annie Nguyen
Share |

Saudi Aramco's talks to buy minority stake in RIL's refining assets stall

23 July 2019

Bloomberg

 

  • Aramco is concerned about Reliance’s proposal to shift some debt of the wider group to its refinery business ahead of the transaction
  • Reliance’s debt increased 20% over the past year as it spent $36 billion to disrupt India’s wireless market with cheap data and free calls

 

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd.’s talks to sell a minority stake in its refinery business to Saudi Arabian Oil Co. have stalled on differences over the... 

 

https://www.livemint.com/companies/news/saudi-aramco-s-talks-to-buy-minority-stake-in-ril-s-refining-assets-stall-1563888378115.html

 


Community Search
Sign In


Calendar
Latest News



Services

Industries
About Us
Petroleum Coke Quarterly Refiners Who We Are
Calclined Petroleum Coke Report Traders Offices
Single Client Studies Calciners

Annual Petcoke Conference
End-Users

 

Advisian | The Carbon Group | 5995 Rogerdale Road, Houston, TX 77072 | O: 1.832.351.7840 F: 1.832.351.7887 | www.petcokes.com