Aramco to Buy Reliance Chemicals Stake

The video discusses OPEC's declining market share due to US shale operators and geopolitical tensions affecting countries like Iran, Venezuela, and Libya. It highlights Saudi Aramco's strategic move to secure long-term crude supply agreements by investing $15 billion in Reliance's refining and petrochemical business. This deal is expected to yield significant profits for Aramco. Additionally, the video covers Reliance's efforts to reduce its debt by monetizing assets and attracting investments from companies like British Petroleum, aiming to achieve a net cash balance sheet within 18 months.

What strategies is Reliance employing to reduce its debt?

What is the target for Reliance regarding its net cash balance sheet over the next 18 months?