After stitching a deal to sell 49 per cent stake in Essar Oil to Russia´s Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like Saudi Aramco.
Tag: Saudi Aramco
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Saudi Aramco to buy 30% stake in OPaL in Gujarat
To foray into Indian oil and gas sector, Saudi Aramco, world's biggest oil producer, plans to buy up to 30 per cent stake in ONGC Petro additions Ltd with a lead role in the Indian government-owned giant petrochemicals project in Gujarat.
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MRPL may procure more oil from Saudi Aramco
Mangalore Refinery and Petrochemicals (MRPL) has is seeking additional 23,000 barrels per day (bpd) of crude oil supply from Saudi Aramco during April in order to compensate for the reduction in import from Iran. MRPL plans to stop oil imports from Iran in April if insurance cover is not available for their refineries. Indian insurance companies said they would not cover refine