Fri, 2019-07-26 00:52
NEW DELHI: Saudi Arabia’s Energy Minister Khalid Al-Falih said state-run Saudi Aramco’s talks with Reliance Industries to buy a minority stake in the Indian conglomerate’s refining assets have not stalled.
The two companies, Reliance and Aramco, are talking with a lot of goodwill, with good intention,” Al-Falih told Reuters in an interview.
Reliance, controlled by Asia’s richest man Mukesh Ambani, operates the world’s biggest refining complex with the capacity to process 1.4 million barrels per day (bpd) of oil at Jamnagar in western India.
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