RIYADH: Saudi Aramco said it’s still working on a deal to buy a US$15bil stake in Reliance Industries Ltd’s refining and chemicals business, even as lower oil prices forces it to slash investment spending.
Mumbai-based Reliance’s shares fell in mid-July after chairman Mukesh Ambani said a transaction had been delayed “due to unforeseen circumstances in the energy market and the Covid-19 situation.”
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