Oil export to Europe
The global energy crunch spurred by Russia’s invasion of Ukraine is giving the world’s biggest refining complex a much-needed boost. Reliance Industry’s Jamnagar facility is lifting crude processing to take advantage of surging demand for diesel. It’s already sending shipments of the fuel to Europe; this will increase in the coming months, a media report said.
Taking advantage of situation
The complex in Gujarat can process 1.36 million barrels of crude a day from two refineries. It is able to export most of the fuel. The plant with a focus of exporting 704,000 barrels a day has been languishing since the pandemic.
‘Reliance has large flexibility in terms of crude feedstock ratio and yield shifts, and it exports 80% of its output,” an official said.
