Reliance’s deal with Aramco covers all of Reliance’s refining and petrochemicals assets as well as the remainder of the stake the company has in its fuel retailing business after selling 49% to BP, Ambani said. Reliance’s existing 1,400 odd gasoline pumps as well as 31 aviation fuel stations will be transferred to the new joint venture in which BP will hold a 49% equity stake. Reliance aims to expand the retail network to 5,500 gasoline pumps in the next five years, PTI said..
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