Skip to main content

Kingdom Of Saudi Arabia All Set To Invest $75 Billion In Indian Oil Industry Despite Kashmir Move

NEW DEHLI, India —  The managing director of Reliance Industries Limited announced the biggest deal of Indian history with Saudi Arabia’s state-run energy group, Saudi Aramco. He said Saudi Aramco is ready to purchase a 20% stake in  Reliance Industries Limited. He told the media that the deal between monsters companies was finalized a few days ago, after acquiring a 20% stake in Reliance Industries Limited Saudi Aramco will be bound to supply 500,000 barrels of crude oil every day to Reliance Industries refinery. In October 2018, India’s Reliance Industries Ltd had halted imports of Iranian crude oil ahead of the U.S. sanctions against Tehran’s oil sector. Today's Indian business report claimed that shares of Ambani's Reliance Industries Limited climbed over 11% after deal with Saudi Aramco. Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian government petroleum and natural gas company based in Dhahran, Saudi Arabia. It is one of the largest revenue earning companies in the world according to Bloomberg.








Labels:

Comments

Post a Comment

shujaatabbasi15@gmail.com

Popular posts from this blog

Israel Martyrs 70 Palestinians In Gaza In 24 hours

The Palestinian Health Ministry in Gaza says that Israeli forces have martyred 70 Palestinians in just the past day. Since Israel's war on Gaza began on October 7, 2023, the Gaza Health Ministry reported 61,897 deaths and 155,660 injuries. Seventy Palestinians were sent to hospitals during the past day, including eight who were rescued from under the debris or elsewhere, according to  Al Jazeera . At least 26 people sadly died while trying to get aid , and another 175 were injured. While trying to get food, at least 1,924 Palestinians have been confirmed martyred, and 14,288 have been injured. Since March 18, Israel has broken the previous ceasefire , completely blocked aid, and launched devastating airstrikes, resulting in at least 10,362 Palestinian deaths and 43,619 injuries, according to the ministry.
Post a Comment
Read more

Train Collision In Spain: 39 Passengers Killed & 122 Injured

Córdoba, Spain -  At least 39 passengers were killed when two trains crashed in Córdoba at around 19:45 on Sunday.  Córdoba is a city in Andalusia, a southern region of Spain, and it is the provincial capital. According to official reports, out of 122 people who received medical care for their injuries, 48, including five children, are still in the hospital. Spanish Prime Minister Pedro Sanchez has announced three days of mourning and vowed to conduct a "thorough and absolutely transparent" investigation into the incident.  The high-speed train service between Madrid and Andalusia will be halted until at least Friday.  Local media reports that authorities have started up offices in numerous locations where victims' relatives may provide DNA samples to assist in the deceased's identification.
Post a Comment
Read more

Pakistani President, Mr Asif Ali Zardari, Begins 4-day Iraq Visit

BAGHDAD, Iraq  —   President Asif Ali Zardari rolled into Baghdad on Saturday for an official visit all about boosting trade ties. President Zardari aims to strengthen relations with Baghdad following years of limited interaction.    "President Asif Ali Zardari arrived in Baghdad for a four-day official visit to Iraq," his office announced on social media.   Culture Minister Dr. Ahmed Fakkak Al-Badrani warmly welcomed him. The visit seeks to enhance cooperation and strengthen relations between Pakistan and Iraq through meetings with senior Iraqi leaders.   Zardari's trip is part of recent top-level meet-ups to boost ties between the two sides, focusing on economic, political, and community links.   Pakistan's foreign office announced that the president will hold discussions with Iraq's senior leaders regarding cooperation in trade, investment, energy, technology, education, and personnel. Mr Zardari is also expected to talk about regional a...
Post a Comment
Read more