The world’s largest oil producer and crude oil exporter has agreed to take a 20 per cent stake of Reliance Industries, the Indian group’s refining and petrochemical business, one of the largest foreign investment in India, the fastest growing energy consumer in the world. “The deal, which values the business at £63bn ($75bn) including debt…
Saudi Arabia is planning to sell shares in State energy giant Saudi Aramco, world’s largest oil producer, creating Trillion Dollar company. In an interview in the Economist, deputy crown prince Mohammed bin Salman said the move was being “reviewed and the decision could be months away”. Prince Mohammed has become Saudi Arabia’s main powerbroker after…