RIL SCREENING TRADERS FOR PETROCHEM EXPORTS
Article Abstract:
Reliance Industries Ltd (RIL) has started screening international petrochemical traders to help export its products. Many international trading majors like Itochu, Vinmar, NCT Middle East, Amgulf, Mitsui, Global Services International, Petroplast and about 20 others have made presentations over the last four weeks to RIL's marketing team. All of them are interested in getting the contract to export RIL's products like polypropylene (PP) and polyethylene terepthalate. RIL plans to initially export 3000 tonnes of PP per month for the next six months and increase it to 8000-10000 tonnes per month after its new capacity at Jamnagar begins operations. The company is setting up almost 6 lakh tonnes of additional PP capacity in three phases at its Jamnagar refinery. It is already exporting an average 1200 tonnes of PP per month to the Middle East, Singapore, Hong Kong and Chinese markets. (khr)
Comment:
Reliance Industries Ltd (RIL) has started screening international petrochemical traders to help export its products.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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OIL, GAS, PETROCHEM SCENE
Article Abstract:
India has increased its production of crude oil from 0.25 million tonnes per annum at the time of Independence to 34 million tonnes per annum now while refining capacity has increased to 62 million tonnes per annum. But the rising consumption has ensured that the annual crude oil import bill comes to over Rs15,000 crore. India's refineries, which had a capacity of 61.55 million tonnes at the end of March 1998, plan to increase it to 131 million tonnes by 2001-02 against a product demand of 112 million tonnes and further to 170 million tonnes by the end of the tenth plan against a product demand of 156 million tonnes. (khr)
Comment:
India has increased its production of crude oil from 0.25 million tonnes per annum at the time of Independence to 34 million tonnes per annum now while refining capacity has increased to 62 million tonnes per annum.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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