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

[Sam.]

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.

Sad but true.

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

You don't want to risk KSA investment , they are every aggressive defending their investment.

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.

You are reading it wrong as they bought those shares with worth around $15 Billion but investing in Indian around $75 Billion. I hope i cleared the doubts.

https://twitter.com/x/status/1160853490622697473

Here are 10 things to know about the Reliance Industries-Saudi Aramco deal:

1. Saudi Aramco will invest $15 billion for buying 20 per cent in the Reliance Industries oil-to-chemicals division.
2. Saudi Aramco will also supply 5,00,000 barrels of crude oil a day on a long-term basis to Reliance Industries' Jamnagar refinery, Mr Ambani said.
3. "This signifies perfect synergy between the world's largest oil producer and the world's largest integrated refinery and petrochemicals complex," he added.
4. The deal should be completed by March and is subject to due diligence, definitive agreements and regulatory and other approvals, the billionaire added.
5. Aramco has been targeting refining deals in India since at least last year, when chief executive officer Amin Nasser told reporters that the firm wanted to double its capacity to produce gasoline and other fuels.
6. Saudi Aramco, the world's biggest oil producer, has been in talks with Reliance Industries on the stake sale as it plans to secure new markets for its crude.
7. This partnership will cover all of Reliance Industries' refining and petrochemicals assets, including 51 per cent of the Petroleum Retail JV.
8. "Since its inception, our Jamnagar refinery has been processing Saudi oil every single day for 20 years. Now we have transformed our longstanding relationship of two decades, based on mutual trust, into a Partnership of growth potential for many more years. I feel privileged to welcome Saudi Aramco, which is the largest business enterprise in the world," Mr Ambani said.
9. "I am grateful to the visionary leaders, Honourable Prime Minister Shri Narendra Modi and His Royal Highness Crown Prince Mohammad bin Salman Al Saud, who have laid the foundation for strategic cooperation between India and the Kingdom of Saudi Arabia," he added.
10. At the annual general meeting Mr Ambani also said that the Reliance Industries will become zero-net debt company within the next 18 months.

Reliance Industries hits two birds with one stone through Saudi Aramco deal
2 min read . Updated: 12 Aug 2019, 01:49 PM ISTMobis Philipose

• Saudi Aramco will acquire a 20% stake in RIL's refining and petrochemicals business for an enterprise value of $75 billion
• RIL also said that it intends to become a debt-free company by 2021

https://www.livemint.com/market/mar...-through-saudi-aramco-deal-1565597291781.html

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

Read above.

 

[war&peace]

Sad but true.


You don't want to risk KSA investment , they are every aggressive defending their investment.



You are reading it wrong as they bought those shares with worth around $15 Billion but investing in Indian around $75 Billion. I hope i cleared the doubts.

https://twitter.com/x/status/1160853490622697473

Here are 10 things to know about the Reliance Industries-Saudi Aramco deal:

1. Saudi Aramco will invest $15 billion for buying 20 per cent in the Reliance Industries oil-to-chemicals division.
2. Saudi Aramco will also supply 5,00,000 barrels of crude oil a day on a long-term basis to Reliance Industries' Jamnagar refinery, Mr Ambani said.
3. "This signifies perfect synergy between the world's largest oil producer and the world's largest integrated refinery and petrochemicals complex," he added.
4. The deal should be completed by March and is subject to due diligence, definitive agreements and regulatory and other approvals, the billionaire added.
5. Aramco has been targeting refining deals in India since at least last year, when chief executive officer Amin Nasser told reporters that the firm wanted to double its capacity to produce gasoline and other fuels.
6. Saudi Aramco, the world's biggest oil producer, has been in talks with Reliance Industries on the stake sale as it plans to secure new markets for its crude.
7. This partnership will cover all of Reliance Industries' refining and petrochemicals assets, including 51 per cent of the Petroleum Retail JV.
8. "Since its inception, our Jamnagar refinery has been processing Saudi oil every single day for 20 years. Now we have transformed our longstanding relationship of two decades, based on mutual trust, into a Partnership of growth potential for many more years. I feel privileged to welcome Saudi Aramco, which is the largest business enterprise in the world," Mr Ambani said.
9. "I am grateful to the visionary leaders, Honourable Prime Minister Shri Narendra Modi and His Royal Highness Crown Prince Mohammad bin Salman Al Saud, who have laid the foundation for strategic cooperation between India and the Kingdom of Saudi Arabia," he added.
10. At the annual general meeting Mr Ambani also said that the Reliance Industries will become zero-net debt company within the next 18 months.

Reliance Industries hits two birds with one stone through Saudi Aramco deal
2 min read . Updated: 12 Aug 2019, 01:49 PM ISTMobis Philipose

• Saudi Aramco will acquire a 20% stake in RIL's refining and petrochemicals business for an enterprise value of $75 billion
• RIL also said that it intends to become a debt-free company by 2021

https://www.livemint.com/market/mar...-through-saudi-aramco-deal-1565597291781.html


Read above.

So Hindus are selling themselves to the Arabs Muslim... well that's slavery

 

[Vapnope]

It all boils down to national interests. The unfounded ummah nonsense was creation of Pakistan which no arab ever bought seriously. The nationalism will always trump any emotional or religious identity. No surprise at what KSA did.

 

[Sam.]

don't go by the injun tweet go by the news article. 75 billion is the total of which Arabs buy 20% which is 15 billion

Yes please read fully and they bought 20% shares of that value but investment in total will be $75 Billion that what i am suggesting. I might be wrong in reading the situation which will be cleared in coming days.

So Hindus are selling themselves to the Arabs Muslim... well that's slavery

We are having Joint venture with them for mutual cooperation and mutual development of both Countries.

 

[Sam.]

It all boils down to national interests. The unfounded ummah nonsense was creation of Pakistan which no arab ever bought seriously. The nationalism will always trump any emotional or religious identity. No surprise at what KSA did.

Sir they are taking care of Indian Muslim Ummah this time as they are going for Pakistan ummah $10 Billion in Gwadar refinery.

 

[Mujahid Memon]

Oh we have other refineries such as TATA who has historical linkage to Iran they will be dealing to Iran but KSA pushing hard to India to cut oil dependency on Iran.

Anyway it is a historical stance from KSA to put that much money in India also now they are shareholder in Reliance Industry meaning they have stake in Indian security. They also announced to invest in Gwadar refinery with 10 Billion $.

Before they had invested in largest USA refinery in Texas and now India. KSA means business in India it indicates.

Looking it another way, you are much more dependent on KSA oil than ever. And you remember 1973??

 

[Sam.]

@Dubious mam can you merge this thread with this one?

https://defence.pk/pdf/threads/saud...-business-mukesh-ambani.630865/#post-11693689

 

[Vapnope]

Sir they are taking care of Indian Muslim Ummah this time as they are going for Pakistan ummah $10 Billion in Gwadar refinery.

I respectfully disqgree there. They will shake hands with anyone when it comes to their national and business interests with any distinction between muslim and non-muslim. And this is how it should be.

 

[Sam.]

Looking it another way, you are much more dependent on KSA oil than ever. And you remember 1973??

As there are sanction on Iran Oil you can perceive that but as you can read this refinery is refining KSA oil from last 20 years so nothing change for Iran.

No sir don't remember 1973 please enlighten me.

I respectfully disqgree there. They will shake hands with anyone when it comes to their national and business interests with any distinction between muslim and non-muslim. And this is how it should be.

I am not expert on KSA affairs but they do have shares in largest refinery(Texas) of USA. USA and KSA are very inter mingled in strategic affairs.

 

[Indus Pakistan]

@OsmanAli98 @Neptune @Indus Pakistan

So? Saudia Arabia and UAE gave India jobs and trade investments worth $100s of billions?

But they gave Pakistan baksheesh of $3 billion. So there we are happy, happee .....

 

[Sam.]

So? Saudia Arabia and KSA gave India jobs and trade investments worth $100s of billions?

But they gave Pakistan baksheesh of $3 billion. So there we are happy, happee .....

I heard they are investing $10 Billion in Gwadar refinery , there is no zero sum game sir. Also KSA and Saudi Arabia ?
Aren't they same country?

 

[Fawadqasim1]

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

Absolutely but har baat kehne kee naheen hotee
Sir

 

[Humble Analyst]

@MastanKhan @Taimoor Khan @Vapnope @Irfan Baloch @Humble Analyst


Saudi Aramco to invest in Reliance’s oil business at a valuation of $75 billion

India’s richest man, Mukesh Ambani, announced a monster of a business deal today (Aug. 12).

Saudi Arabia’s state energy group, Saudi Aramco, is set to acquire a 20% stake in his Reliance Industries’ (RIL) oil-to-chemical business for an enterprise value of $75 billion, Ambani said.

“This is the biggest foreign investment in the history of Reliance and one of the largest investments for India,” said the RIL Chairman and Managing Director at the company’s 42nd annual general meeting. “Saudi Aramco will supply 500,000 barrels of crude oil every day to Reliance Jamnagar refinery, after taking a stake.”

RIL’s Jamnagar refining complex in Gujarat has a capacity to process 1.4 million barrels per day (BPD) and the company plans to expand its capacity to two million BPD by 2030, Ambani announced.

https://qz.com/india/1685878/mukesh-ambani-says-saudi-aramco-to-invest-75-billion-in-reliance/

Great job KSA

 

[maximuswarrior]

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.

Exactly. Expecting anything from such quarters is foolhardy. Palestinians, Iraqis, Syrians and many more couldn't count on any help.

Pakistan doesn't care. We are a powerful nation and have the resources, however limited, to distract evildoers.

 

[xyxmt]

https://twitter.com/x/status/1160806980941963264

Saudis to Buy Reliance Oil Refining Stake for $15 Billion

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 billion valuation for the stake.

The move is the latest in a spree of Aramco refinery investments as the company plans to double its processing network to handle as much as 10 million barrels a day by 2030, locking in friendly buyers for the kingdom’s crude. As part of the deal, Reliance will agree to a long-term purchase of 500,000 barrels of crude a day from Aramco, Ambani said.

https://www.bloomberg.com/news/arti...-20-of-refining-to-saudis-at-75-billion-value

Thank you KSA!!

how much Profit will they make every year?
This is same as Pakistan buying Indian assets