India's Reliance to tighten grip on world fuel market

India’s top privately run refiner, Reliance Industries, is expected to raise crude oil imports by about 22% this year as it ramps up production at its giant refinery complex, further stamping its mark on world markets. To maximize profit margins with its sophisticated refining capability, Reliance Industries is also set to limit African crude imports this year in favor of Middle East grades, if light crude prices continue to strengthen against heavy-sour grades, traders and analysts said. (April 1, 2010)