Sunday, January 4, 2009

Reliance Petroleum Ltd (News Update)

Reliance Petroleum on Thursday announced commissioning of its only-for-exports oil refinery in a Special Economic Zone at Jamnagar in Gujarat.

The commissioning of the 580,000 barrels per day (29 million tons a year) capacity refinery by RPL, a unit of Mukesh Ambani-run Reliance Industries, will make Jamnagar the biggest oil refining hub in the world.

The company further stated that with the completion of the refinery, Jamnagar has emerged as the ‘Refining Hub of the World’ with the largest refining complex with an aggregate refining capacity of 1.24 million bpd in any single location in the world.

RPL, in which the US energy major Chevron Corp hold five per cent stake, will produce petrol and diesel complaint to Euro-IV emission norms.

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