Saudi Arab– On 14 August, Pakistan Prime Minister Imran Khan said that the world’s one and a half billion Muslims are united on Kashmir, but unfortunately, the ruler is silent. Imran Khan on Kashmir has been continuously urging Muslim countries to stop the Elam, but in the meantime, Mukesh Ambani announced that Saudi Arab oil company Aramco is going to make the biggest investment in India, it is a Saudi government company. And this control is by King Salman, this declaration is completely contrary to Imran Khan’s desire.
Imran khan is often referring to the Muslim world, but Talmiz Ahmed, who was India’s ambassador to Saudi Arab, says that the Muslim world is nothing, in reality, he says that when we say the Muslim world, it seems that there is a united world. In which there are all Muslim countries, not only because the politics of the world is moving on the basis of profit and not on the basis of religious equality.
On February 19 this year Udi Arabian Crown Prince Mohammed bin Salman When I first came to India on an official visit was to stand for prime minister Narendra Modi welcomed at the airport. PM Modi hugged the Crown Prince as soon as he got off the plane ladder.
According to the Financial Times report, Mukesh Ambani met Crown Prince Salman during this two-day visit and while Ambani’s flight was late in Mumbai, Salman also waited for Saudi oil company Aramco and Mukesh Ambani’s company RIL all. The foundation of the deal was laid between to chemical. On 12 August last week, Mukesh Ambani, Asia’s richest man and chairman of Reliance Industries, announced that Saudi oil company Aramco will buy twenty percent shares of RIL all to the chemical. This is said to be the largest investment in history in India.
Aaram is the world’s highest profit-making company. Last year, Aramco made a profit of one hundred and eleven decimal one billion dollars, which is the biggest earning of any one company before this achievement was named after Apple, iPhone. After all, why has Saudi made such a huge investment in India? In response to the question of who is the highest in this investment, Paranjoy Guha Thakurta, a senior journalist who closely monitors the economy of the oil industry, says that Asia is the only market for Saudi or Gulf countries.
He says that the oil market in the West is shrinking, in such a big investment in India is not surprising, but it will also be in favor of India, he says that Mukesh Ambani has the world’s largest oil refinery in Jamnagar India. More than eighty percent of oil imports. The bulk of this is coming from West Asia and the Gulf. Saudi Arabia and America have very good relations, so this is going to be a long-term relationship. We are not only importing oil but also oil is exported abroad from the Jamnagar refinery of Reliance.
The same Talmiz Ahmad says that the announcement of a business partner with Aramco is according to our plan. Reliance buys a lot of oil from Saudi Arab and more than half of its Jamnagar refinery comes from Saudi Arab. After this agreement, the trust in both companies will increase further. One thing is also being said that there has been a fundamental change in the global economics of oil. America has made itself self-sufficient in the matter of oil. In the second week of December last year, America became an exporter of oil. This has happened for the first time in the last 75 years because America was dependent on foreigners for oil until now. Oil production in the US is dramatically larger.
In Texas, New Mexico, North Dakota and Pennsylvania, oil is being extracted from thousands of wells. The 2016 report of the United States Independence Energy Research Institute, Visthat Energy, stated that the US has two-four billion barrels of oil reserves. It has been reported in this report that America has more oil reserves than Russia and Saudi Arab.
Talmiz Ahmad also says that the oil market in the West is shrinking, that is, imports are decreasing, so Saudi Arab is now fully focused on Asia. China, India, and Japan import the most oil in Asia. Talmiz Ahmad says that the United States has become self-sufficient in the matter of oil, which, if it is needed, buys from Canada and Mexico. On the other hand, the import of oil in Europe has been continuously low, because they are reducing the use of oil. In such a situation, there is no market bigger than Asia for the oil-exporting countries of West Asia, there is no other growing market in Asia like India.
Mukesh Ambani says that Reliance will move towards being a debt-free company after the investment from Aramco. Reliance will buy 5 lakh barrels a day from Aramco, which will be twice the current purchase. Saudi Arab is also considering bringing Aramco’s stock onto the stock market. It is said that five percent of the shares will be given to investors. If Aramco follows the listing rules on the stock market, it will have to share information about oil reserves. However, it is also being said that even after Aramco’s arrival in the stock market, it cannot be expected to have much transparency. The amount of oil reserves in Saudi Arab and how long it will last remains a mystery.