RIL surrenders EOU status

Indian-based Reliance Industries Ltd. (RIL) said it has given up its export only status for its old refinery in Jamnagar district, Gujarat state. The refinery will operate as a non-EOU refinery starting April 16 to cater to increasing local demand for petroleum products. The refinery, with a processing capacity of 660,000 barrels per day (bpd), will now cater to both domestic and export markets. Upon completion of its merger with Reliance Petroleum Ltd., RIL will have the most complex and largest refining facility at a single location in the world, with a combined capacity of 1.23 million bpd. The RIL-RPL complex will also be the largest supplier of clean fuels to all global markets, RIL said. (April 17, 2009)