Reliance to Finalize Tie-Up With Oil Giant Aramco This Year
- Aramco chairman Yasir Al-Rumayyan to join Reliance board
- Oil-to-chemicals deal could be worth around $15 billion
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Reliance Industries Ltd. will appoint the chairman of Saudi Aramco to its board as the Indian conglomerate expects to finalize an investment deal with the world’s biggest oil producer this year.
Yasir Al-Rumayyan, Aramco’s chairman and governor of the kingdom’s sovereign wealth fund, will join as an independent director, Chairman Mukesh Ambani said Thursday at the Reliance annual general meeting, adding it will mark the beginning of Reliance’s international plans.