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Saudi Aramco keeps intention to find investment opportunities in India

Saudi Aramco keeps intention to find investment opportunities in India

According to Bloomberg, Saudi Aramco continues to look for investment opportunities in India, signaling that the country offers excellent long-term growth prospects.

The company claimed that it will continue to assess new or current business prospects with potential partners, citing its long-standing partnership with Reliance Industries.

Reliance Industries, an Indian business, recently claimed that it has achieved an agreement with Saudi Aramco to re-evaluate Aramco’s proposed investment in a stake in its oil refining and chemicals unit, according to data available on Argaam.

In August 2019, Reliance Industries and Saudi Aramco signed a non-binding letter of intent for Aramco to buy a 20% share in Reliance Industries’ refining and chemicals sector.

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