Reliance Petroleum, a unit of Reliance Industries, which commissioned its new 5,80,000 barrels per day refinery at the Jamnagar special economic zone (SEZ) in Gujarat, will start exporting fuel this month.
"During the course of this month, products will be sold," RIL's president (refinery business) P Raghavendran said.
With a crude oil processing capacity of 5,80,000 barrels of oil per day, RPL ranks as the 6th largest refinery in the world and is also amongst the world's most complex refineries.
Some of the significant features of the RPL refinery include:
- RPL refinery, with a Nelson Complexity index of 14.0, will be able to process heavy crude varieties and produce superior quality products that meet stringent specifications, even beyond the forthcoming Euro IV norms.
- The high complexity will also present a significant competitive advantage in the current industry landscape of increasingly heavy and sour new crude discoveries. In addition, the widening light-heavy differentials in recent years will add to its competitiveness.
- RPL refinery is located adjacent to RIL's existing refinery and petrochemicals complex, which is amongst the largest and most efficient in the world. Through sharing of best practices and leveraging the existing infrastructure, RPL will stand to gain in the areas of operational efficiency, logistics, crude sourcing, product placement and risk management.
- The RPL refinery is located on the west coast of India which is in close proximity to the Middle East, the largest crude oil producing region in the world. This is expected to result in lower ship turnaround time and reduced crude freight costs.
Jamnagar is all set to emerge as the 'refining hub of the world' with aggregate refinery capacity of 1.24 million barrels of oil per day.
The commissioning of the RPL refinery catapults Reliance into the league of the largest refiners globally, both in terms of complex refining capacity and earnings potential.
The state-of-the-art, globally competitive RPL refinery has been completed in 36 months from concept to commissioning, which is a new benchmark for building a grass-root refinery of this scale and complexity.
Raghavendran said the company's focus currently is on fully commissioning and completing the new refinery and it would look for opportunities for setting up new projects the world over thereafter.
"We are looking at opportunities around the world where we can contribute," Raghavendra said but declined to give details.