Reliance Industries, owner of the world's largest oil refining complex, has leased storage to store gasoline at the Borco oil terminal in the Caribbean, industry sources said on Thursday.
The deal on the 500,000 barrels storage facility was secured sometime towards the end of last year, traders said. "We know they have their eyes on the domestic US market, that is no secret, but it is going to be a while before we see demand there pick-up to pre (financial) crisis levels," a Singapore based trader said. "So now Reliance is also looking at other long markets further South," a Singapore based gasoline trader said.
Reliance, which operates two mega-refineries in the West Coast of India that has a combined crude processing capacity of 1.24 million barrels per day (bpd), has over the past few years embarked on a robust marketing campaign for their products in Europe, Latin Ameica, East Africa and the United States.
DEAR MR SURESH PUNJABI .
ReplyDeleteI COMPLIMENT YOU FOR GETTING US THE LATEST ON RELIANCE INDUSTRIES. KINDLY GIVE US AN IDEA AS TO WHEN WE MAY EXPECT THE SUPREME COURT JUDGMENT ON THE RIL-RNRL CASE. IT IS NEARLY 2 MONTHS SINCE ALL ARGUMENTS CLOSED AND JUSTICE DELAYED IS JUSTICE DENIED. DO YOU HEAR ANY INFO FROM THE GRAPEVINE AS TO WHEN THE SUPREME COURT BENCH IS LIKELY TO PRONOUNCE THE ORDER. SURELY THERE MUST SOME WAY TO IMPRESS UPON THE JUDICIARY THAT THEY HAVE A SOLEMN DUTY TO MILLIONS OF SHAREHOLDERS OF RIL. SUPREME COURT MUST SET THE STANDARDS FOR SPEEDY JUSTICE....... THE WHOLE COUNTRY IS WAITING FOR YOUR DECISION.
i would request anyone else in the know of things to throw light on this issue ? By when can we expect the outcome ?
ReplyDeletethe whole country is in await to hear the outcome of thejudgementby suprime court of india when hearing is completed the issue of ril/rnrl dispute then what is the problem to the suprime court to give the decision.why goverment of india is not issuing order to take the action by suprime court. the matter is going to denay justice.
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