Saudi to regain India’s top oil supplier spot

Saudi’s Aramco buying a 20% stake in Reliance Industries’ oil-to-chemical business will help it regain the position of being the biggest supplier of oil. RIL’s oil-to-chemical business has an enterprise valuation of $75 bn as it will be accompanied with a deal to supply 500,000 barrels/day or 25 million tonne/year of crude oil.

from Times of India https://ift.tt/2Z4gZ6M

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