Saudi Aramco to invest $15 billion in oil to chemicals business: Mukesh Ambani

[khanmubashir]

Nothing unexpected. Money always triumphs over eveything including religion. I didn't expect anything less from KSA, UAE, Egypt or Timbuktu for that matter. It is all to be expected.

Pakistanis are under no illusion. We will take on India through our own strength. We don't rely on world powers. We won't be lectured by anyone once we teach India a lesson. The hypocrites that like to address themselves as the "world" can screw themselves. We are conveying the message to the world and fulfilling our responsibility.

Just look at Modi who is exporting his God all over the world for mass consumption. There is no loyalty to God, cow or religion. Money is the true religion all over the world.

we didn't wait for Saudi or China permission when we supported Afghanistan Talib against the USA itself and these countries have far more investment in USA then India

so Indian should not be in any misunderstanding USA is going out of afg

then we with all our Network of proxies and skill developed In kicking out usa will come hard on Indian

 

[Sam.]

we didn't wait for Saudi or China permission when we supported Afghanistan Talib against the USA itself and these countries have far more investment in USA then India

so Indian should not be in any misunderstanding USA is going out of afg

then we with all our Network of proxies and skill developed In kicking out usa will come hard on Indian

We know this which is a huge security threat hence the current decision to counter that. However this is off topic and lets discuss this landmark announcement.

https://twitter.com/x/status/1160791116037464064

https://twitter.com/x/status/1160806294044827648

 

[Gandhi G in da house]

Not looking at this news in the context of Article 370, I am very happy to see the way India's relations are developing with the Arab World.

 

[Sam.]

https://twitter.com/x/status/1160799521418256390

https://twitter.com/x/status/1160827014108123141

https://twitter.com/x/status/1160838435575406593

@Norwegian @My-Analogous @Khafee @Maarkhoor @Yaseen1

@ArabianEmpires&Caliphates @Arabi

 

[Maarkhoor]

Money worth more than Ummah or Islam for them....not surprised at all.

 

[Sam.]

Money worth more than Ummah or Islam for them....not surprised at all.

I know you think otherwise but Ummah has perspective as it also see Indian 200 Million Muslims.

 

[Maarkhoor]

I know you think otherwise but Ummah has perspective as it also see Indian 200 Million Muslims.

They gave them big. F.O.

 

[Lincoln]

I know you think otherwise but Ummah has perspective as it also see Indian 200 Million Muslims.

Yes, a business perspective. If "Ummah" cared, Palestine issue would be resolved, Syria and Iraq wouldn't be destroyed, Yemen wouldn't be destroyed, and they wouldn't be taking opposite sides and funding rebels in African Islamic countries.

 

[Dubious]

Saudi Aramco will buy a 20% stake in the oil-to-chemicals business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast, Reliance Chairman Mukesh Ambani said at the company’s annual general meeting in Mumbai. Reliance values its oil-to-chemicals division at $75 billion including debt, implying a $15 billi

only 20%? Buy more and also buy half of India if possible...They will sell it to you for a good price

Pakistanis why are you so emotional? Saudi needs to increase their business how else will it help you when your chosen leaders leave you bankrupt? Now if money is coming from Indian investment or mars it will end in our banks in time of need....so let them prosper and give them doa

 

[Yaseen1]

it is sad that saudis are wasting their money in such a risky investment as there is a high chance of india being nuked and destroyed in near future so all this money invested will be wasted due to destruction of india,even if india is not nuked there is a high possibility that india will disintegrate into small pieces due to their govt brutality against minorities

 

[war&peace]

WSK, is disappointing us with his very low quality journalism. It is $75 million NOT billions. The moron does not know the difference. $75 billion is multiple times more than the totally value of the company in question while KSA purchased only 20% of the shares.

BTW, this is his second tweet in two days that raises suspicions.. Just a day earlier, he tweeted about the informal orders to move forward and we tried to interpret it positively. Is he drunk or what?

@Alternatiiv @Smoke

 

[doorstar]

Saudi needs to increase their business how else will it help you when your chosen leaders leave you bankrupt? Now if money is coming from Indian investment or mars it will end in our banks in time of need....so let them prosper and give them doa

haha injun money to bail-out Pakistan, sweet irony

WSK, is disappointing us with his very low quality journalism. It is $75 million NOT billions. The moron does not know the difference. $75 billion is multiple times more than the totally value of the company in question while KSA purchased only 20% of the shares.

must have learnt it from the bongs, 30k becomes 3 lakh gets translated to 3 millions

anyway these here injuns are trying to drive a wedge between Arabs and Pakistan, some dumfecks fall for it every time

e.g if Chinese did not earn billions from gungus (and frightening the crap out of the sole super power namely the USA in the process), how would they afford to spend it on Pakistani infrastructure? same applies to Arabs!

 

[prashantazazel]

WSK, is disappointing us with his very low quality journalism. It is $75 million NOT billions. The moron does not know the difference. $75 billion is multiple times more than the totally value of the company in question while KSA purchased only 20% of the shares.

I think it's 20 percent of 75 billion, that's 15 billion.
That's what I read on wsj.

 

[doorstar]

Saudis to Buy Reliance Oil Refining Stake for $15 Billion not 75 you bong retard

https://zeenews.india.com/companies...chemicals-business-mukesh-ambani-2226622.html

New Delhi: Reliance Industries Ltd Chairman Mukesh Ambani on Monday said Saudi Aramco will invest 75 billion dollars in the conglomerate and have 20 per cent stake in its oil to chemicals (O2C) business.

“Saudi Aramco and Reliance have agreed to form a long-term partnership in our oil to chemicals division. Saudi Aramco will invest for a 20 percent stake in Reliance`s O2C division at an enterprise value of 75 billion dollars," Ambani.

Addressing the 42nd annual general meeting (AGM), Ambani said, “it is the biggest foreign investment for Reliance and one of the largest for India. The Partnership with Saudi Aramco will cover RIL's Refining and Petrochemicals assets, including 51 percent of the Petroleum Retail JV”.
Earlier this month, BP and Reliance had announced the formation of a new joint venture that will include a retail service station network and aviation fuels business across India.

 

[graphican]

Timing of this investment is a message in itself. How come Saudi Arabia stand with Pakistan on Kashmir and at the same time, stand with India for investment?