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SINGAPORE (ICIS)--Reliance Industries Ltd (RIL) and Saudi Aramco have decided to re-evaluate the energy giant's proposed $15bn investment to acquire a 20% stake in RIL's oil-to-chemicals (O2C) business, the Indian chemicals major said late on Friday. The two companies in August 2019 signed a non-binding letter of intent that proposes that Aramco would acquire the stake in Reliance’s refining, petrochemicals and fuels marketing businesses.
