RIL to begin exports from new refinery

India’s Reliance Industries Ltd. (RIL) will start exporting products from its new 580,000 barrel per day (bpd) refinery in western India. RIL has been looking at the U.S. market for gasoline exports and the European market for diesel exports from its new refinery. It has already set up trading desks in oil trading hubs like Singapore and London to market its products and has been planning to open one in Houston, Texas. The new refinery, along with Reliance’s neighboring 660,000 bpd refinery, is the world’s largest refining complex in Jamnagar in western India, with a capacity of 1.24 million bpd. (January 15, 2009)