Reliance declares force majeure on gasoline from Jamnagar plant: sources
15 Aug 2018 12:54 PM IST
At least two gasoline cargoes scheduled for this month's loading were affected.
The government move to make auto fuels cheaper by asking state-run oil companies take a hit will not impact Reliance Industries' retail fuel expansion plans, a top official has said.
Singapore: Reliance Industries, which operates the world’s largest refining complex, has declared force majeure on gasoline exports from its Jamnagar site, three sources said on Wednesday.
Reliance operates two refineries in Jamnagar in western India which together process over 1.2 million barrels per day (bpd) of crude oil into fuels. The 6,60,000 bpd refinery sells most of its fuel in the local market while the larger refinery in a nearby special economic zone exports most of its fuel through the port of Sikka.
The sources added that at least two gasoline cargoes scheduled for this month’s loading, one of which was destined for Fujairah, were affected.
( Source : reuters )
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