Saudi Aramco, a long-standing supplier of crude oil to India, has been actively seeking investment opportunities in India s downstream sector. Despite the failure of its USD 15 billion bid for a 20% stake in Reliance Industries oil-to-chemicals business and ongoing developments with the Ratnagiri refinery in Maharashtra, Fahad Al Dhubaib, Senior Vice President of Strategy and Market Analysis at Saudi Aramco, emphasizes India s significance as a key market.
From China s economic growth missing analysts expectations, Saudi Aramco boosting its Ventures unit, Apple dethroning Samsung to Airbus Ascendancy, Sandberg leaving Meta board and YouTube s job cuts, here s a look at recent business developments around the world.
Saudi Arabia Injects Extra $4 Billion into Aramco Project examiner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from examiner.com Daily Mail and Mail on Sunday newspapers.
Saudi Aramco said on Wednesday it has boosted its Aramco Ventures unit by $4 billion, more than doubling the oil giant's overall venture capital funding.