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Message Subject
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Saudi's On The Move
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Poster Handle
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MissCleo |
Post Content
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[ link to www.msn.com (secure)] "Saudis to make deal with Asia's richest man " "Saudi Aramco will buy a 20% stake in the oil-to-chemicals business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast, Reliance Chairman Mukesh Ambani said at the company’s annual general meeting in Mumbai. Reliance values its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the stake."
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