What is the agreement between Reliance and TAZIZ group of UAE?

Reliance Industries signed a formal agreement for acquiring a strategic stake in the $2 billion TA'ZIZ chemical joint venture in the United Arab Emirates. Reliance has also agreed to cooperate with ADNOC for conventional and unconventional resources. TA'ZIZ is joint venture between Abu Dhabi National Oil Co (ADNOC) and the sovereign wealth fund ADQ.

RIL is expected to build capacity for 940,000 TPA Chlor-alkali, 1.1 million TPA of ethylene dichloride and 360,000 TPA of polyvinyl chloride at the TA'ZIZ Industrial Chemicals Zone. It is going to be the first time ever that these chemicals will be manufactured right in the factories located in the UAE.