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RIL sells first cargo during an Asia crude price assessment process

18 Aug 2015 Evaluate

Reliance Industries (RIL) has sold its first cargo during an Asia crude price assessment process. The Indian refiner will deliver 500,000 barrels of Upper Zakum crude to Chinaoil after completing the sale of 20 Dubai lots during the Platts Market on Close (MoC) process.

Reliance made its first appearance on the MoC this month, selling Dubai partials alongside Unipec, the trading arm of Asia's largest refiner Sinopec, and Royal Dutch Shell.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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