Saudi Aramco
Business  /  Published 08.12.21

Aramco, RIL find new allies

Reliance and Saudi Aramco are forking out in separate directions within weeks of scrapping their proposed mega deal in Reliance’s oil-to-chemicals (O2C) business. Reliance on Tuesday said it wo...
By Our Special Correspondent in Mumbai

Business  /  Published 22.10.21

Aramco boss inducted into RIL board

Shareholders of Reliance Industries (RIL) backed the company’s proposal to appoint Saudi Aramco chairman Yasir al-Rumayyan as an independent director on its board.  The development comes a...
By Our Special Correspondent in Mumbai

Business  /  Published 25.09.21

Fund frowns at Aramco foray

The first sign of shareholder revolt has been raised at Reliance Industries. The California State Teachers Retirement Fund (CalSTRS) — one of the world’s largest institutional investors &...
By Our Bureau in Mumbai

Business  /  Published 17.08.21

Aramco, RIL close to deal

Saudi Aramco is in advanced talks to acquire a roughly 20 per cent stake in Reliance Industries’ oil refining and chemicals business for about $20 billion to $25 billion in Aramco’s shares...
By Reuters in Bangalore

Business  /  Published 09.08.21

Aramco beats forecast

Saudi Arabian state oil producer Aramco has reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand. ...
By Reuters in Dubai


Business  /  Published 25.06.21

Aramco-RIL deal likely this year

The much awaited deal between Reliance Industries (RIL) and Saudi Aramco is set to be concluded this year after a delay of more than 14 months. As a precursor to the proposed transaction, first annou...
By Our Special Correspondent in Mumbai

Business  /  Published 03.06.21

RIL eyes O2C arm investor

Reliance Industries (RIL) has kept its hopes alive to induct a strategic partner in its oils-to-chemicals (O2C) business with chief Mukesh Ambani stating in the company’s annual report that a pr...
By Our Special Correspondent in Mumbai

Business  /  Published 08.05.21

Refiners place Saudi Aramco orders

State-owned refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world’s top oil exporter, four s...
By PTI in New Delhi

Business  /  Published 04.05.21

Aramco offers stock & cash for O2C biz

Reliance Industries is reportedly in talks with Aramco under which the Saudi oil behemoth could pick up a 20 per cent stake in the oil-to-chemicals business that the Mukesh Ambani-owned conglomerate p...
By Vivek Nair in Mumbai

Business  /  Published 01.10.20

BPCL: deadline for bid extended

The government has extended the deadline to bid for its entire 52.98 per cent stake in BPCL to November 16 and this virtually rules out the chances of the budgeted divestment target of being met this ...
By Our Special Correspondent in New Delhi


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