> Aramco, chairman of Aramco to the Board of Directors of India, Relains Industries, joined an independent manager, according to the company, which hopes to formulate its partnership with a company Saudi Aramco this year.
According to Arab Net, Chairman of the Board of Directors, Mokish Ambanians on Thursday said Thursday to join the board of directors is also a beginning to turn Relains into an international company.
Relains announced the sale of 20% stake in its oil conversion activities to chemicals for $ 15 billion in 2019 to Aramco, the world's largest oil exporter.
But the deal stopped after oil prices and demand last year because of the pandemic.
Yesterday, sources told Reuters, Saudi Aramco was able to extend a $ 10 billion loan for a year.
Aramco was obtained in May last year.
The sources added that the loan had an option for a year but instead of paying the higher interest rate to extend the deal, the company had asked for better conditions reflecting the improvement of market conditions.
The extended facility is less than 30 and 40% than they will have to be paid under the original agreement.
