Mukesh Ambani announces Saudi Aramco to buy 20% stake in Reliance Industries' oil-to-chemicals business
As part of the deal, Saudi Aramco will supply 500,000 barrels per day or 25 million tonnes per annum, of crude oil to RIL's twin refineries at Jamnagar in Gujarat. This is among the largest foreign investments in India.
Last Updated: August 13, 2019 | 16:49 IST
The Gulf behemoth, the world's biggest oil producer, will take the minority stake in a proposed special purpose vehicle housing RIL's twin refineries as well as its petrochemical complex