Reliance recently commissioned a second crude unit at its 580,000 barrels per day refinery.
Before this commissioning, capacity of the Jamnagar Refinary was 660,000 bpd and now it will become to the level of 1.24 million bpd and this is the world’s biggest capacity of refining.
Now, after becoming the world’s biggest refinaer, Reliance is looking farword to sale its product in US directly. As U.S.-based refiners are trapped in a new federal environmental regulationsand this situation could make it easier for overseas competitors to take a larger share of the U.S. fuel market. This is the good situation for Reliance.
Reliance’s new refinery is configured to produce fuel that meets stringent U.S. specifications. “Reliance will try and have the flexibility to sell both directly in the U.S. and through third parties. We hear in the past they had tried to acquire a relatively small fuel retail chain in U.S.,” a trade source said.
Reliance has opened trading desks in Singapore, London and U.S. for marketting its products worldwide. Reliance also owns trading firms in Dubai. It manages trading operations through its Mumbai office.Google+