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Reliance to boost LatAm oil imports to better margins

09 Dec 2010 Evaluate
Reliance Industries Ltd is poised to increase crude imports from Latin America as it seeks better refining margins by processing heavier and cheaper grades of oil. The company imported about 300,000 barrels a day of crude on average from South America during the first 10 months of 2010. This accounted for about a quarter of the company's total imports during the period, compared with 13% in the same period of 2009.
Reliance's plants are complex refineries that turn low-quality crude into gasoline and diesel for sale mainly outside of India. Average global demand for oil products increased 3.8% to 87.8 million barrels a day over the first 10 months of 2010.

Reliance Industries Share Price

1327.65 -15.45 (-1.15%)
24-Apr-2026 16:59 View Price Chart
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Company Name CMP
Reliance Industries 1327.65
Indian Oil Corp. 143.40
BPCL 308.05
HPCL 373.40
MRPL 186.55
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