Bulletin Updates

Saudi Aramco: Strong enough to take equity in RIL and the Ratnagiri refinery? – 20 Jul 2021

Jul 20, 2021

Saudi Arabian major Saudi Aramco seems to be in a severe debt squeeze

So much so that it had to give up on some heavy duty investments, including a $6.6 billion petrochem expansion

In this context, can it shell out money for a piece of RIL's oil to chemicals business or pick up a significant stake in the Ratanagiri refinery promoted by IOC, HPCL and BPCL?

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