PW Bureau
Aramco’s interest in the world’s biggest refining complex seems to have been stoked after Saudi Arabia’s Crown Prince Mohammed bin Salman’s visit to Delhi in February
New Delhi: Saudi Aramco, the world’s largest crude oil producer, is believed to be in talks with Reliance Industries to acquire a 25 percent stake in the conglomerate’s refining and petrochemicals businesses. According to a report published by The Times of India on Wednesday, a minority stake sale could fetch as much as $10 billion to $15 billion and could put the value of RIL’s petrochemical businesses at around $55 billion to 60 billion.