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.
