RIL To Complete Strategic Partnership With Saudi Aramco: Mukesh Ambani
"The partnership gives our refineries access to a wide portfolio of value-accretive crude grades and enhanced feedstock security for a higher oil-to-chemicals conversion," Mukesh Ambani said.
Reliance Industries Ltd (RIL) is working to complete the contours of a strategic partnership with Saudi Aramco, Chairman and Managing Director Mukesh Ambani said in a letter to shareholders.
In the letter to shareholders in RIL’s annual report for 2019-20, Ambani said in the energy businesses, Reliance is working to complete the contours of a strategic partnership with Saudi Aramco.
“The partnership gives our refineries access to a wide portfolio of value-accretive crude grades and enhanced feedstock security for a higher oil-to-chemicals conversion,” he added.
In the fuel retail business, Reliance and BP formed a new JV to grow the retail service station network and aviation fuels business across India.
