Talks between both the two giants have been going on for the past two years. The delay was caused due to Covid-19 pandemic and falling crude oil prices. If the deal is signed, it'll be Saudi Aramco's first all-stock deal since the IPO
Saudi Aramco In Advanced Talks On Up to $25 Billion Reliance Deal - Report albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Reliance announced a sale of a 20% stake in its oil-to-chemicals business to Aramco for $15 billion in 2019, but the deal stalled after oil prices and demand crashed last year due to the pandemic.
Saudi Aramco In Advanced Talks With Reliance For $25 Billion Deal To Acquire 20 Per Cent Stake In RIL s Oil Unit swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
US stocks set to edged lower having closed at record highs last week; China data weak proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.