Edition:
India

Reliance Industries Exec Says Aramco Deal Making Progress


Friday, 17 Jan 2020 

Jan 17 (Reuters) - Reliance Industries Ltd Joint CFO V Srikanth::SAYS FOCUSING ON MAXIMISING DOMESTIC SALES TO TACKLE GLOBAL WEAKNESS.SAYS EXPECTS FIRST GAS OUTPUT FROM R CLUSTER IN KG-BASIN BY MID 2020.SAYS SOME BENEFITS OF NEW MARINE REGULATIONS ON DIESEL WILL REFLECT IN COMING QTRS.SAYS IT WILL TAKE 12-18 MONTHS FOR PETROCHEMICALS PRICES TO IMPROVE.SAYS SAUDI ARAMCO DEAL IS MAKING GOOD PROGRESS, WE ARE HAVING INTENSIVE DISCUSSIONS.SAYS SIGNING OF DEFINITIVE AGREEMENT WITH ARAMCO WILL TAKE A FEW MONTHS.HOPES REFINING AND PETCHEM MARGINS TO IMPROVE IN 2020.SAYS INDIAN PETCHEM, TRANSPORT FUEL DEMAND TO RECOVER IN 2020.HAVE CLOSE TO A MILLION CUSTOMERS IN BROADBAND BUSINESS.RELIANCE INDUSTRIES EXEC SAYS PETCOKE GASSIFIERS WILL START CONTRIBUTING TO REVENUE FROM FIRST QUARTER OF NEXT FISCAL.