Wednesday, January 26, 2022

O2C business

Reliance gets nod for hiving off O2C business

To spin-off oil refining, fuel marketing and petrochemical business into an independent unit with a $25 bn loan from the parent

Reliance-Aramco deal likely if crude oil averages $65

The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.

Reliance spins off oil-to-chemical unit

To include oil refinery, petrochemical assets and retail fuel business

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