Category

Countries


RIL announces one of India's ?n böyük Aramco to pick 20% stake in its OTC biz

RIL announces one of India's ?n böyük Aramco to pick 20% stake in its OTC biz

  • 12-Aug-2019 9:00 PM
  • Journalist: Patrick Knight

Reliance Industries announced a deal with Saudi Aramco; according to this deal the Saudi Arabian Oil Company will acquire 20% stake in Reliances oil-to-chemical business. This deal will value at INR 5,250,000 Million. The oil-to-chemicals division has achieved a revenue of INR 5,700,000 Million in FY19, which is formed by the integration of refining and petrochemicals business.

Saudi Aramco is also planning to supply 5,00,000 barrels of crude oil to the Reliance Industries’ Günd?lik Refinery on daily basis. As per the recent deal, RIL’s Jamnagar Refinery is the world largest refinery facility.

It has a processing capacity of 1.4 million barrels per day and it plans to expand the capacity to 200?? per day by 2030.

24X7

Track Real Time Prices

Related News

US Market Contradicting China’s Acetic Acid Price Trend
  • 23-Jun-2022 6:02 PM
  • Journalist: Jacob Kutchner
While Petrochemicals Stay Muted, Refiners Forecast Complete Recovery in India’s Fuel Demand by the End of 2021
  • 16-Sep-2020 11:00 AM
  • Journalist: Francis Stokes
Acetic Acid Prices Decline Further in the USA; October Outlook Appears Optimistic
  • 28-Sep-2022 3:41 PM
  • Journalist: Gabreilla Figueroa
US Acetic Acid Prices Continue Its Downtrend Rally in Early September 2022
  • 05-Sep-2022 3:11 PM
  • Journalist: Patricia Jose Perez