Aramco To Raise over $17bn from gas Pipeline Stake Sale; $25bn Deal with RIL in Advanced Stages
Saudi Aramco has approached potential bidders to sell a part of its pipeline business worth ~$17bn according to Reuters. The oil giant, through its advisors JPMorgan and Goldman Sachs, is looking to tap players including American private equity and infrastructure...
RIL Q1 Profits Jump 67%; EBITDA at Record High
India’s energy to digital conglomerate Reliance Industries Ltd. (RIL) announced its consolidated results for the quarter ended June 30, 2021 in which it posted a record high consolidated EBITDA of INR 275.5bn ($3.7bn), up 27.6% YoY, of which digital services...
Reliance-Aramco $15bn Deal to Complete This Year; Aramco Chair Inducted to RIL Board
India’s Reliance Industries Limited (RIL) is set to complete a $15bn deal with Saudi Aramco this year, as per an announcement by Mukesh Ambani, Chairman of RIL during the company’s 44th Annual General Meeting (AGM). The deal for the sale of a 20% stake in RIL’s...
