Reliance Industries stands to gain from Saudi Aramco deal: Experts

For Saudi Aramco, experts see this move as part of the country's effort to de-risk its economy from oil's uncertainties

Reliance Industries (RIL) stands to gain on crude oil supply security and substantial debt reduction, if reports suggesting a deal with Saudi Aramco are true. This is not the first time reports on a possible deal have emerged. “These talks have been around for two to three years,” said an expert, who did not wish to be named.

Saudi Aramco has been vocal about partnering RIL. In December 2018, Khalid Al-Falih, that country’s minister of energy, industry and mineral resources, had in a tweet put out in Arabic, said: “I was delighted to meet (Mukesh) Ambani, chairman of Reliance #RelianceIndustries, where