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HE Yasir Othman Al-Rumayyan is the Chairman of Saudi Aramco's Board of Directors and the Governor of the Public Investment Fund. Ambani made the announcement during RIL's Annual General Meeting (AGM). This had generated hope the deal . Saudi Aramco chairman Yasir Othman Al-Rumayyan to join ... Reliance defends adding Saudi Aramco chief on board - Asia ... That revived hopes of the deal coming through after Mukesh Ambani, Asia's richest person, said in 2020 that the pandemic and its impact on fuel . This is being widely anticipated as a . Jefferies said that the deal being called off was a disappointment while crude oil sits at $80 per barrel and after Aramco's Chairman was inducted into RIL's Board. In a stock exchange filing, Reliance said the appointment will "help strengthen the Board's diversity and skill-sets and benefit Reliance through the transition from oil to chemicals and the aim to achieve Net Carbon Zero by 2035." PTI; September 30, 2021, 09:35 IST Let's reshape it today, Hunt for the brightest engineers in India. The appointment is yet to be approved by the shareholders. Found inside – Page 101As part of the role, Mirza chairs the board of directors of the National Oil and Gas Authority (NOGA) and is also chairman of the some of the firms responsible for oil and gas industry investments, oil exploration, the production of ... Your Reason has been Reported to the admin. Seven directors, including Al-Rumayyan, are designated independent. By PTI. Found inside – Page 194But Irwin points out that the region's instability makes reliance on its oil supply hazardous . ... But according to oil executives such as Robert Brougham , former Chairman of the Board of ARAMCO who testified at recent Congressional ... Found inside – Page 22Yasir Al-Rumayyan joins Reliance Industries • Yasir Al-Rumayyan has been inducted into the board of Reliance Industries Ltd as an Independent Director. • He is the Saudi Aramco Chairman and Governor of the Kingdom's wealth fund Public ... A majority of Reliance Industries Ltd.'s shareholders have voted in favour of the appointment of Yasir Othman H Al-Rumayyan as independent director on the Indian conglomerate's board.. Al-Rumayyan is the chairman of Saudi Aramco, that has been in talks for over two years to buy a substantial stake in RIL's oil-to-chemicals business. From William Green, a financial journalist who has written for The New Yorker, Time, and Fortune, comes a fresh and unexpectedly profound book that draws on interviews with more than 40 of the worlds super-investors to demonstrate that the ... Shares of Reliance Industries fell as a lot as 4.2 per cent to hit an Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund. He also points toward an answer: Rather than rely on scraps from the winners, we must take on the grueling democratic work of building more robust, egalitarian institutions and truly changing the world. Shareholders of Reliance Industries (RIL) backed the company’s proposal to appoint Saudi Aramco chairman Yasir al-Rumayyan as an independent director on its board. As the authors of several of the chapters in this volume point out, in terms of their relative national power China and Russia appear to be following very different trajectories. Al-Rumayyan is the chairman of Aramco's Board . Caught in a zugzwang: Vi, Airtel, and Jio know a tariff hike is inevitable. Reliance had lately inducted Aramco Chairman Yasir Al-Rumayyan into its board. Earlier, the California State Teachers Retirement Fund (CalSTRS) had decided to vote against the resolution. As recently as June this year, Reliance said it expected to finalize the investment deal with Aramco and appointed the latter's chairman, Yasir Al-Rumayyan an independent director on its board. #RelianceAGMRead more: bit.ly/3gQ6tMw-----. . Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a USD . A 20 per cent stake to Aramco was valued at USD 15 billion. Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal. But, on Thursday, he did not put any value. The improvement, nonetheless, avoids a possible embarrassment for Saudi Arabia, which reckons the world is thrashing too hasty a retreat from fossil fuels. Found inside – Page 29Yasir Al-Rumayyan joins Reliance Industries • Yasir Al-Rumayyan has been inducted into the board of Reliance Industries Ltd as an Independent Director. • He is the Saudi Aramco Chairman and Governor of the Kingdom's wealth fund Public ... He also serves as an advisor to the General Secretariat of the Council of Ministers, the Chairman of the Saudi Decision Support Center, and a Board member of Uber Technologies, Inc. and ARM Limited. Reliance-Aramco put $15bn oil-to-chemicals deal on the backburner The two players had signed a non-binding LoI in 2019, with Reliance potentially selling a 20% stake in its oil-to-chemicals . Reliance, Aramco deal off, both to re-evaluate. ×. Found inside – Page 871Page 1487 Aramco has an exclusive contract to sell its oil only to the four owners ; Tapline carries only Aramco oil . ... Statement of B. Brewster Jennings , chairman of the board , Socony Mobil Oil Co. , Inc .; accompanied by Herman ... Welcome to the all-new second edition of Navigating the Digital Age. This edition brings together more than 50 leaders and visionaries from business, science, technology, government, aca¬demia, cybersecurity, and law enforce¬ment. But the tarmac is different. Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund, Yasir Al-Rumayyan, may be inducted on the board of Reliance Industries Ltd, a precursor to a $15 billion deal, reports said.An announcement of Al-Rumayyan's induction on the RIL board or the board of the newly carved oil-to-chemical (O2C) unit may come as early as at the company's annual shareholder meeting . China has been pursuing its national interests recently through the exercise of “soft power,” as it projects a nonconfrontational face to the developing world. Leaving on a jet plane: students’ study-abroad plans are back and how! Mukesh Ambani welcomes Saudi Aramco chairman Yasir Al-Rumayyan as independent director to the RIL board. Times are changing and the labor markets are under immense burden from the collective effects of various megatrends. Described by Alan Greenspan as 'the most powerful man you've never heard of', Al-Naimi's incredible journey proves that anyone can make it - even a poor Bedouin shepherd boy. This is his exclusive inside story of power, politics and oil. Billionaire Mukesh Ambani's Reliance Industries Ltd on Wednesday defended the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, saying . Saudi Aramco chairman Yasir al-Rumayyan joins Reliance board. This book is a co-publication with FAO and UNIDO. These topics are crucial for the UPSC Prelims, Mains, and o. An Expert's Guide to Istanbul! Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. At Aramco`s earnings briefing in August, Chief Executive Officer Amin Nasser had said the company was still doing due diligence on the Reliance deal. Found inside – Page 40Oswaal Editorial Board. Q. 28. Reliance Industries in its AGM of 2021 shows a power point presentation of performance of FY 2021 and future plans of including the chairman of Saudi Aramco as independent director in Reliance. The development comes at a time a rise in shareholder activism has seen some crucial resolutions placed by other listed firms being rejected. That revived hopes of the deal coming through after Mukesh Ambani, Asia's richest person, said in 2020 that the pandemic and its impact on fuel . Contents: (1) Recent Developments; (2) Background: Saudi Arabia (SA)-U.S. Relations, 1931-2001; 9/11 and its Aftermath; Recent Assessments; Terrorist Financing; (3) Congress. Reliance Industries has 14 directors on its board, led by Mukesh Ambani, chairman and managing director and son of the company's founder. Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the . Reliance backs appointment of Aramco chairman on board. Reliance drops after slamming brakes on $15-billion Aramco deal; Reliance drops after slamming brakes on $15-billion Aramco deal The company recently inducted Aramco Chairman Yasir Al-Rumayyan to its board amid opposition by investor California State Teachers' Retirement Fund. This move could pave the way for a deal between the two petrochemical giants. The deal was announced more than two years ago by Reliance chairman Mukesh Ambani, Asia's richest man, and touted as the biggest foreign investment in the conglomerate's history. Source: Aramco's President and CEO, Amin H. Nasser, speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021. Looking at decolonization in the conditional tense, this volume teases out the complex and uncertain ends of British and French empire in Africa during the period of ‘late colonial shift’ after 1945. "His joining our Board is also the beginning of the internationalisation of Reliance," he added. The development comes at a time a rise in shareholder activism has seen some crucial resolutions placed by other listed firms being rejected. That revived hopes of the deal coming through after Mukesh Ambani , Asia's richest person, said in 2020 that the pandemic and its impact on fuel . India's Reliance Industries has defended the appointment of Saudi Aramco's chairman as an independent director on its board. Reliance Industries Ltd. defended its plan to appoint Saudi Aramco's non-executive Chairman Yasir Al Rumayyan as an independent director of the Indian oil-to-retail conglomerate, after some . Photographer: Mohammed Al-Nemer/Bloomberg. Aramco chairman joining board of India's Reliance ahead of massive oil-to-chemicals deal. This rare endorsement by the oil-to-telecom giant comes amid a . Reliance Industries Ltd on Wednesday said the appointment of Yasir Al-Rumayyan, the non-executive chairman of Saudi Aramco and the Governor of the Kingdom's Public Investment Fund, as an . Found inside – Page 103I recalled that I had personally warned the AIOC Board of the impending ARAMCO agreement . Nevertheless , the AIOC had been unwilling to learn from the ARAMCO experience . ... encourage reliance on the sanctity of contracts . Found inside – Page 868Page 1487 Aramco has an exclusive contract to sell its oil only to the four owners ; Tapline carries only Aramco oil . ... Statement of B. Brewster Jennings , chairman of the board , Socony Mobil Oil Co. , Inc .; accompanied by Herman ... New Delhi: Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal. As recently as June this year, Reliance said it expected to finalise the investment deal with Aramco and appointed latter's chairman Yasir al-Rumayyan an independent director on its board. Found inside – Page 21Petromin is the largest Reliance Communication's off , we will continue to work maker of lubricants in board granted an in ... joint managing director , Sundram Fasteners • ASHOK KUMAR BALYAN , managing director and CEO , Petronet LNG ... Found inside – Page xxiiiheavy reliance on cheap foreign labor and a preference for public sector jobs by Saudi citizens, resulting in ... The Crown Prince is not only Chairman of Aramco's Supreme Council but also Chairman of the Public Investment Fund and ... California State Teachers Retirement Fund and State Board of Administration of Florida decided to vote against the proposal, following recommendations from proxy advisory firm Glass Lewis that cited Reliance’s plan to sell a 20% stake in its oil-to-chemicals business to Saudi Aramco. Reliance Industries Ltd said on Thursday Saudi Aramco Chairman Yasir Al-Rumayyan will join the Indian conglomerate's board. All rights reserved. As recently as June this year, Reliance said it expected to finalize the investment deal with Aramco and appointed the latter's chairman, Yasir Al-Rumayyan an independent director on its board. Mukesh Ambani's Reliance Industries has said that it backs Saudi Aramco chairman Yasir al-Rumayyan's appointment as an independent director on the company's board, Forbes reported on Wednesday. Reliance Industries Ltd (RIL) Chairman Mukesh Ambani said Yasir Al-Rumayyan, Chairman of Saudi Aramco and the Governor of the Public Investment Fund, will be joining the board of the company as an independent director. India - Rich in Chaotic Experiences! Shares of Reliance Industries fell as a lot as 4.2 per cent to hit an Saudi Aramco chairman and head of the Kingdom's wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a USD . This will alert our moderators to take action. At Aramco's earnings briefing in August, Chief Executive Officer Amin Nasser had said the company was still doing due diligence on the Reliance deal. Points out how vulnerable America's energy system is to sabotage, technical failures, and natural disasters, and discusses the advantages of decentralization Similarly, among the non-institutions segment, the votes polled in favour was 20 81 29 930 or 99.91 per cent. That revived hopes of the deal coming through after Mukesh Ambani, Asia's richest person, said in 2020 that the pandemic and its impact on fuel . Reliance has reduced debt with proceeds from selling . . Billionaire Mukesh Ambani's Reliance Industries Ltd on Wednesday defended the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, saying all regulatory criteria for his appointment as an independent director were met, pending shareholder approval on the decision. Billionaire Mukesh Ambani's Reliance Industries Ltd on Wednesday defended the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, saying all . Choose your reason below and click on the Report button. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. India's Reliance Industries has defended the appointment of Saudi Aramco's chairman as an independent director on its board. While the proposal got the full support of the promoter and promoter group, among public institutions it was at 94.90 per cent or 202 42 65 266. As recently as June this year, Reliance said it expected to finalize the investment deal with Aramco and appointed the latter's chairman, Yasir Al-Rumayyan an independent director on its board. Reliance had lately inducted Aramco Chairman Yasir Al-Rumayyan into its board. More. Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund, Yasir Al-Rumayyan, has been inducted into the board of Reliance Industries Ltd as an Independent Director, a precursor to a USD 15 billion deal. Who’ll blink first? Found inside – Page 3Yasir Al-Rumayyan joins Reliance Industries • Yasir Al-Rumayyan has been inducted into the board of Reliance Industries Ltd as an Independent Director. • He is the Saudi Aramco Chairman and Governor of the Kingdom's wealth fund Public ... Updated Sep 29, 2021, 6:07 PM IST. BENGALURU: Reliance Industries Ltd said on Thursday Saudi Aramco chairman Yasir Al-Rumayyan will join the Indian conglomerate's board. The oil-to-telecom conglomerate insisted that the appointment of Yasir Al-Rumayyan has nothing to do with the Saudi firm's plan to pick up a stake in its oil-to-chemicals business. Against the backdrop of energy markets that have radically changed in recent decades, this book offers an in-depth study of energy regulation in international trade law. Reliance Industries Ltd has received share holders' approval to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director on the firm's board. The story starts with Saudi Arabia’s founder, Abdul Aziz, a lonely refugee embarking on a daring gambit to reconquer his family’s ancestral home—the mudwalled city of Riyadh. Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal . As recently as June this year, Reliance said it expected to finalise the investment deal with Aramco and appointed the latter's chairman, Yasir Al-Rumayyan, an independent director on its board. Saudi Aramco's chairman and head of the Kingdom's wealth fund Yasir Othman Al-Rumayyan was on Thursday invited by Reliance Industries Limited (RIL) Chairman Mukesh Ambani to join the conglomerate's board as an independent director. New Delhi: Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund, Yasir Al-Rumayyan, may be inducted on the board of Reliance Industries Ltd, a precursor to a $15 . Found inside – Page 871Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly. mers . Page 1487 Aramco has an exclusive contract to sell its oil only to the four owners ; Tapline carries only Aramco oil . "Al-Rumayyan joining our board is also the beginning of . The practical and theoretical perspectives within the commercial context addressed in this book provide a clearer understanding of the energy markets and their leading players, relevant not only to industry players, but also interdependent ... Building airlines that soar high: here’s the secret sauce for success in the aviation business. Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as a precursor to a USD 15 billion deal that is now expected to conclude this year. Ambani was addressing shareholders virtually at the company's 44th annual general meeting (AGM). Mumbai, July 22 Reliance Industries (RIL) said on Thursday that the appointment of Aramco Chairman Yasir Al Rumayyan as an independent director of the company has taken effect from July 19.. On June 24, RIL board had approved the appointment of Yasir O. Al-Rumayyan, as an additional director of the company, designated as an independent director. Reliance Industries Ltd. defended its plan to appoint Saudi Aramco’s non-executive Chairman Yasir Al Rumayyan as an independent director of the Indian oil-to-retail conglomerate, after some shareholders decided to vote against the move. India's Reliance oil-to-telecoms giant is abandoning a $15 billion deal for Saudi Aramco to buy a 20% stake in its . 15/06/2021 10:24:52 AM Share: Connect with us on social media Al-Rumayyan is the chairman of Aramco's Board . Its decision was based on the recommendation of global proxy advisory firm Glass, Lewis & Co, which raised concerns about al-Rumayyan being designated as independent director. The move will further strengthen the partnership between the world's largest oil exporter and one of the fastest-growing energy consumers. The company informed the Bombay Stock Exchange about the development . Found inside – Page 79... USA Mr Sarthak Behuria Mr Hussain Sultan Chairman , IOCL , India Group Chief Executive & Board Member , Emirates ... Asia Pacific Energy Consulting , USA Mr P Raghavendran President ( Refinery Business ) , Reliance Industries Ltd. Reliance had announced a sale of a 20% stake in its oil-to . The 30th edition of the World Investment Report looks at the prospects for foreign direct investment and international production during and beyond the global crisis triggered by the COVID-19 (coronavirus) pandemic. Reliance drops after slamming brakes on $15-billion Aramco deal; Reliance drops after slamming brakes on $15-billion Aramco deal The company recently inducted Aramco Chairman Yasir Al-Rumayyan to its board amid opposition by investor California State Teachers' Retirement Fund. Disclosing the results of shareholder votes on the appointment . India's largest listed company fails to crystalise a $75 billion valuation for O2C, but it can live without the cash. Found inside – Page 871Committee on the Judiciary ... 1493 Aramco has an exclusive contract to sell its oil only to the four owners ; Tapline carries only Aramco oil . ... Statement of B. Brewster Jennings , chairman of the board , Socony Mobil Oil Co. Tomorrow is different. Found inside – Page 87Oswaal Editorial Board ... Chairman Mukesh Ambani, Asia's richest man, has pledged to cut Reliance's $21.4 billion net debt to zero, but a critical part of the plan, which is to sell a stake in the company's refining and chemicals unit ... The proposal to appoint him as 'independent' director was . RIL chairman and Asia's richest man Mukesh Ambani told shareholders that a deal to sell a 20 per cent stake in the . Reliance Industries today backed the appointment of Saudi Aramco Chairman, Yasir Al-Rumayyan as an independent director on its board and reiterated that his appointment has no connection with Saudi Aramco's plans to buy a stake in its oil-to-chemicals business.. India's Reliance Industries Ltd said on Thursday that a required majority of its shareholders have passed a resolution to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director . An exploration of mathematical style through 99 different proofs of the same theorem This book offers a multifaceted perspective on mathematics by demonstrating 99 different proofs of the same theorem. Shareholders of Reliance Industries (RIL) backed the company's proposal to appoint Saudi Aramco chairman Yasir al-Rumayyan as an independent director on its board. The company appointed Saudi Aramco's chairman Yasir Al-Rumayyan as an independent director on its board. As recently as June this year, Reliance said it expected to finalize the investment deal with Aramco and appointed the latter's chairman, Yasir Al-Rumayyan an independent director on its board. India's Reliance ditches $15 bn Saudi Aramco deal. The recent election read more of Aramco Chairman Yasir Al-Rumayyan onto Reliance's board suggests Riyadh will have some security over where it sells oil for some time. While this ratio is in keeping with the law, in its proxy paper Glass Lewis has raised additional concerns about the board's independence. "I am delighted to welcome Yasir Al-Rumayyan, Chairman of Saudi Aramco and the Governor of the Public Investment Fund, to join the board of Reliance Industries Ltd as an independent director," Ambani said. Saudi Aramco Chairman Yasir al-Rumayyan has joined the board of Reliance Industries as an independent director, bolstering ties with a key crude customer and increasing the likelihood of the Saudi oil giant purchasing a stake in the Indian refiner. Al-Rumayyan is the chairman of Aramco's Board . Mirae Asset Equity Savings Fund Direct - Growth, Mirae Asset Hybrid Equity Fund Direct-Growth, Saudi Aramco chairman Yasir Al-Rumayyan joins Reliance Industries Board. In this video - Saudi Aramco Chairman Joins Reliance Board. But, on Thursday, he did not put any value. Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal.. Found inside – Page 104SPCMA and semi-independent board of directors also have corporate governance-style controls (e.g., audits, chairman appointments, chairman salaries, capital stock levels). ... Assessment ofreliance on rule of law in governing NOCs Reliance. This books offers a complete picture of where the Chinese air force is today, where it has come from, and most importantly, where it is headed. In Energy Kingdoms, Jim Krane takes readers inside these monarchies to consider their conundrum. He traces the history of the Gulf states’ energy use and policies, looking in particular at how energy subsidies have distorted demand. Chairman. The recent election read more of Aramco Chairman Yasir Al-Rumayyan onto Reliance's board suggests Riyadh will have some security over where it sells oil for some time. Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a USD 15 billion deal.. Reliance Chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi . 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. Found inside – Page 4hearing before the Committee on Energy and Natural Resources, United States Senate, Ninety-sixth Congress, first session ... NIOC has shown signs of moving away from reliance on the spot market for its oil sales and is reported to have ... Disclosing the results of shareholder votes on the appointment, Reliance in a regulatory filing said 98.03 per cent of votes were cast in favour of the resolution to appoint Al-Rumayyan for three years. Reliance withdraws NCLT application for segregation of O2C business. The 2020 edition sheds light on the state of innovation financing by investigating the evolution of financing mechanisms for entrepreneurs and other innovators, and by pointing to progress and remaining challenges – including in the ... In a statement on Thursday, RIL said the resolution was passed with the requisite majority. National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. In October, Reliance shareholders voted to appoint Aramco Chairman Yasir Al-Rumayyan as an independent director to the board. Reliance Industries said on . Reliance Industries' shareholders ratified the appointment of Saudi Aramco chairman Yasir Al-Rumayyan on the company's board. "Al-Rumayyan joining our board is also the beginning of internationalisation of Reliance," Chairman Mukesh Ambani told shareholders on Thursday. The oil-to-telecom conglomerate insisted that the appointment of Yasir Al-Rumayyan has nothing to do with the Saudi firm's plan to pick up a stake in its oil-to-chemicals business. This is for UPSC CSE Current Affairs. Copyright © 2020 The Telegraph. (Our Bureau, June 15) Saudi Aramco chairman Yasir Al-Rumayyan is likely to join the board of Reliance Industries, Economic Times reports, quoting unidentified sources close to the development. Reliance Industries Ltd said on Thursday Saudi Aramco Chairman Yasir Al-Rumayyan will join the Indian conglomerate's board. Of the 14 members on the. New Delhi, Sep 29 (PTI) Billionaire Mukesh Ambani''s Reliance Industries Ltd on Wednesday defended the appointment of Saudi Aramco Chairman Yasir …. The voting to confirm al-Rumayyan’s appointment for a period of three years began on September 20 and ended on October 19. The development comes at a time a rise in shareholder activism has seen some crucial resolutions placed by other listed firms being rejected. Reliance Industries Ltd (RIL) on Wednesday defended its move to appoint Saudi Aramco chairman Yasir al-Rumayyan on its board as an independent director, saying that the proposal is not linked to the likely investment by the Saudi oil company in its oil-to-chemical (O2C) business.

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