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Low crude oil price, Covid-19 may delay the RIL-Saudi Aramco deal

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RIL had planned to sell 20% stake in its refining and petrochemicals business for $15 bn to Saudi Aramco, as part of chairman Mukesh Ambani's plan to deleverage RIL balance sheet Mumbai: Historically low crude oil prices could mean the multi-billion dollar deal between Reliance Industries and Saudi Aramco could take longer to seal.

Chairman Mukesh Ambani had last August announced Reliance Industries' plan to sell 20% stake in its refining and petrochemicals business for $15 billion to Saudi Aramco, as part of his plan to deleverage RIL's balance sheet .

Since August 2019, crude has dropped 64.52%. From $58.23 per barrel on 15 August, 2019, it is now hovering around $20.66. "Given the crude price, the realizations will shrink and thus the

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Freedom is being abused in many ways: President
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