Reliance, Saudi Arabia in talks for oil refinery, petrochemical project: Saudi oil minister


Reliance, Saudi Arabia in talks for oil refinery, petrochemical project: Saudi oil minister

World’s largest oil exporter Saudi Arabia and richest Indian Mukesh Ambani-run Reliance Industries Ltd are discussing joint investment in petrochemicals and oil refinery projects, Saudi oil minister Khalid al-Falih said.

Al-Falih, who has known Ambani for over a decade now, travelled to Udaipur earlier this month to attend the pre-wedding festivities of Ambani’s daughter Isha Ambani’s marriage with Ajay Piramal’s son Anand Piramal. During that visit, he also held talks with Ambani but choose to tweet about those discussions only this week.

In an Arabic tweet, which was translated using online tools, Al-Falih said he was delighted to meet Ambani. At the meeting “we discussed opportunities for joint investments and cooperation in petrochemical, refining and communications projects.”

He also tweeted a picture of the meeting where Ambani is dressed in a business suit, a sharp contrast to other pictures of his in traditional attire during the pre-wedding festivities held on 8 and 9 December. Read More

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