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Reliance-Aramco Deal Of Oil to Chemical Business Hits Valuation Hurdle

Saudi Aramco , a global petrochemical giant and a major supplier of crude oil to Jamnagar refineries is likely to withdraw from a deal to buy 20 per cent stake in oil to chemical business (O2C) of the company with a valuation worth $ 75 billion. The deal took place in last August with Reliance...