Aramco sale would grease Mukesh Ambani’s tidy-up ugalani
Saudi Aramco, the world’s biggest oil producer, is in talks to buy a stake of at least 20 percent in the refining and petrochemicals businesses of India’s Reliance Industries, sources familiar with the matter told Reuters on April 17.
If the deal went ahead, it could boost Aramco’s crude oil supply to Reliance by more than 50 percent, the source added. Another source said talks with Reliance were for a 25 percent stake.
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