Saudi Arabia Reliance industry to have biggest joint venture in India and biggest foreign direct investment for India

Saudi Arabia Reliance industry to have biggest joint venture in India and biggest foreign direct investment for India


Mukesh Ambani
madeit clear in there 42 annual general meeting AGM that they will sell just take all the shares of of Reliance refinery tu Saudi aramco company e from Saudi Arabia and that will be the largest investment in India till date

After this  deal Saudi aramco will supply five lacs barrel Petroleum everyday to Reliance refinery Reliance refinery and chemical business worth 532001 crore rupees and Saudi aramco will get 20% market share so show a Reliance can repay the Dept of 106000 crore rupees which they have taken for their jio project

Reliance bill also Reliance fuel retail business 49% stake for shares to UK for British petroleum BP  for 7000 crore rupees

Reliance has 1400 petrol pumps and 31 aviation fuels this Reliance and British Petroleum joint venture will open 5500 new petrol pumps in India

This deal is important for Saudi Arabia and Reliance because Saudi aramco wants to get dominance in India and Reliance has 280000 crore rupees loan show Reliance can repay their loan

Reliance industries limited want to finish their loan as early as possible repay the loan and Mukesh ambani has announced that in next 18 months he will repay the total debt on Reliance industries limited because anil ambani seriously got affected due to loan in business

Saudi aramco company come centre direct control of Prince Salman Saudi aramco is one of the most profitable company in the world it is more than Apple company e and Saudi aramco as profit is more than 8 lakh crore rupees as per Saudi Arabia ok expert Saudi aramco total value stands near 140 lakh crrore
Saudi aramco is totally depend on USA for their defence equipments and 3D from any other country but USA is not depend on Saudi Arabia for Petroleum products USA imports oil from other countries and to some extent USA achieved self sufficiency

That's why Saudi Arabia is searching for new markets and USA and UK are not purchasing petroleum products because they want to go on electricity energy

India has purchased more petroleum products from Iraq and Saudi Arabia wants India to be its biggest customer
This deal is good for India and Saudi Arabia also

Mukesh ambani has net worth of 3 lakh crore and and they can easily repair the debt of Reliance industries