Saudi Aramco Close to Taking Stake in Reliance Industries

Saudi Aramco is in advanced talks to acquire a 20% stake in Reliance Industries' oil refining and chemicals unit for $20-25 billion in an all-stock deal. This strategic move aims to create cross holdings between the two companies, providing Reliance with a steady supply of Saudi crude and Aramco with a guaranteed buyer. The deal, delayed by the pandemic, is progressing with board nominations. Both companies are focusing on the energy transition, with Reliance spinning off its refining unit and Aramco targeting the petrochemical market for sustained demand.

What is the proposed stake that Saudi Aramco might acquire in Reliance Industries?

• 40%

• 20%

• 30%

• 10%

How long have the talks between Saudi Aramco and Reliance Industries been ongoing?

• Four years

• Three years

• One year

• Two years

What is a key benefit for Reliance Industries in this deal?

• Expansion into Europe

• Reduction in operational costs

• Access to new technology

• Steady supply of Saudi crude

What market is Saudi Aramco focusing on as part of the energy transition?

• Telecommunications

• Automotive

• Petrochemicals

• Renewable energy

What is Reliance Industries doing with its energy unit as part of the deal?

• Expanding it

• Spinning it off

• Shutting it down

• Merging it with another company