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RPL to start exports from Jamnagar refinery this month

21 Jan 2009 Evaluate

Reliance Petroleum (RPL), a unit of Mukesh Ambani-run Reliance Industries will start exporting petroleum products from the Jamnagar SEZ refinery this month. The 580,000 barrel-a-day or 29 million-tonne-a-year refinery expects to dispatch its first parcel of refinery products in January 2009. RPL, in which US energy major Chevron holds a 5% stake, started processing crude oil on December 25 and has achieved successful production of various products.

The company said secondary processing units at the $6-billion refinery were under commissioning. The initial phase of production has achieved stability. Commissioning activities are nearing completion at several of the secondary processing units. Several support units and utilities such as water, air, nitrogen, steam and power required for the refinery are being operated successfully. The secondary processing units are under synchronisation and commissioning.

RPL, together with the parent firm’s existing only-for-exports 660,000-bpd refinery, has made Jamnagar the biggest oil refining hub in the world. In completing the state-of-the-art, globally competitive refinery in just 36 months, from concept to commissioning, the company has set a new global benchmark for building a grassroots refinery of this scale and complexity

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Peers
Company Name CMP
Reliance Industries 1430.85
Indian Oil Corp. 142.20
BPCL 300.45
HPCL 374.60
MRPL 167.65
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