Saudi Aramco says in early talks over India's Reliance stake

Saudi Aramco has signed a letter of intent with India’s Reliance to potentially buy a stake in its refining and petrochemicals business but talks are at “a very early stage”, a senior Aramco executive said on Monday.
 

“This is very, very early stages of the deal that would allow us to conduct required due diligence going forward,” Khalid al-Dabbagh, senior vice president of finance, told an analyst call after the company reported first half results.