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Coronavirus
VERY HIGH
Pakistan Deaths
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5824hr
Pakistan Cases
725,602
458424hr
Sindh
269,126
Punjab
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20,321
Islamabad
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KPK
99,595

DUBAI: State oil giant Saudi Aramco, the world's biggest oil producer, is in talks to buy a stake in the refining and petrochemicals businesses of India's Reliance Industries, two sources familiar with the matter told Reuters on Wednesday.

The Times of India reported earlier that Aramco was in talks to buy up to a 25 percent stake, which could be worth around $10-$15 billion, valuing the Indian company's refining and petrochemicals businesses at around $55 billion to $60 billion.

Aramco did not immediately respond to a request for comment.

Copyright Reuters, 2019