www.relianceinsider.com/category/reliance-petroleum/ -
[Cached Version]
Last Visited: 8/31/2008
Mukesh Ambani
...
The refinery, which is being built by unit Reliance Petroleum, will have a lead over other upcoming export refineries in Asia and the Middle East, and is expected to make robust margins, Mukesh Ambani told shareholders at the weekend.
...
"At time of the refinery project announcement, a number of large-scale greenfield export refineries had also been announced in the Middle East and Asia," Ambani said at the weekend.
"RPL will be the first off the mark with a multi-year lead over other greenfield refineries.This will give it a huge advantage," he said, adding the refinery will start generating revenues "from this year itself".
The supply from the new refinery will represent almost half of the estimated global oil demand growth in 2009, and should increase global production capacity of both petrol and diesel by around 1 percent, he said.
Demand for energy was expected to remain buoyant, and the long-term outlook for refining margins "continues to be positive, specially for complex refiners," Ambani said.
Source: reuters.com
Tags: Mukesh Ambani, Reliance Industries, Reliance Petroleum
...
Reliance Petroleum Ltd (RPL) chairman Mukesh Ambani, while addressing the company's third AGM at Jamnagar in Gujarat, said the RPL refinery would have the ability to process heavy and sour crude and would also produce value-added products that meet the quality specifications across the globe.
Ambani said his team was set to create a world record by constructing the new refinery at Jamnagar in less than 36 months.The company is constructing an export-oriented 29 million tonne refinery adjacent to RIL's existing 33-mt refinery at Jamnagar.
"This project will be the world's sixth largest refinery.With the existing RIL refinery at Jamnagar, it will have a total processing capacity of 1.24 million barrels per day," he said.
In view of these advantages, RPL will be very well positioned to enhance shareholder value, according to Ambani."This will hugely augment India's export position and earn valuable foreign exchange for the country.This will also strengthen India's position as one of the premier countries for quality fuel products," he added.
Source: financialexpress.com
Tags: Mukesh Ambani, Reliance Petroleum, RPL
...
"I am happy to announce that the refinery will also start generating revenues from this year itself," Mr Mukesh Ambani, RPL's Chairman, told the third AGM of the company at Jamnagar on Saturday.
Along with the existing refinery at Jamnagar, the entire refinery complex will have a total processing capacity of 1.24 million barrels a day."The supply from RPL's new refinery will represent almost 50 per cent of the estimated global oil demand growth in 2009.And it should increase global production capacity of both gasoline and diesel by around one per cent," Mr Ambani said.
...
Therefore, the long-term outlook for refining margins continues to be positive, especially for complex refiners like RPL," according to Mr Ambani.
The RPL refinery will have the ability to process heavy and sour crude, apart from producing value added products.
He claimed that the refinery will be one of the complex refineries in the world with a Nelson Complexity Index of 14.0.
Source: thehindubusinessline.com
Tags: Mukesh Ambani, Reliance Petro, RPL
Reliance Petroleum Raised to `Buy' From `Sell' at Citigroup
3,681 online sources [ view sources ]
