The Drilldown: Saudi Aramco boosts refining capacity with $15-billion purchase

The Lead  Saudi Aramco is purchasing a 20 per cent stake in India-based Reliance Industries to help match its crude production with increased refining capacity. The deal is worth nearly $15 billion and represents one of Aramco’s biggest ventures outside of Saudi Arabia. It includes a condition that Aramco supply Reliance’s Jamnagar refinery with 500,000 […]

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