Reliance Petroleum

Refining activities of Reliance Industries Limited are carried out at the Jamnagar refinery complex with refining capacity of 27 million tonnes per annum (540,000 barrel per day).

The refinery is able to process a wide variety of crudes- from very light to very heavy (from 18 to 45 degree API) and from sweet to very heavy (with sulphur content from 0 to 4.5 %).

22-Sep-2008Reliance Petroleum says refinery achieves 100 percent overall progress.Refinery project ahead of schedule.

http://www.reliancepetroleum.com/html/media.html

22-July-2008Reliance Petroleum says refinery achieves 94 percent overall progress.

With an annual crude processing capacity of convert|580000|oilbbl|m3 per stream day (BPSD), RPL will be the sixth largest refinery in the world. It will have a complexity of 14.0, using the Nelson Complexity Index, ranking it amongst the highest in the sector. The polypropylene plant will have a capacity to produce 0.9 million metric tonnes per annum.

The refinery project is being implemented at a capital cost of Rs 27,000 crore being funded through a mix of equity and debt. This represents a capital cost of less than US $10,000 per barrel per day and compares very favourably with the average capital cost of new refineries announced in recent years. The International Energy Agency (IEA) estimates the average capital cost of new refinery in the OECD nations to be in the region of US $15,000 to 20,000 per barrel per day. The low capital cost of RPL becomes even more attractive when adjusted for high complexity of the refinery. RPL's low capital cost is a result of the benefits of 'intelligent repeat' of design and engineering aspects of RIL's existing refinery, proactive procurement strategy and faster implementation of the refinery project. This is expected to provide sustainable competitive advantage in the market place and enable RPL to deliver superior value in the coming years.

RPL also benefits from a strategic alliance with Chevron India Holdings Pte Limited, Singapore, a wholly owned subsidiary of Chevron Corporation USA (Chevron), which currently holds a 5% equity stake in the Company.

RPL has achieved project completion of 94% according to Contractor as of 23 July 2008 as published in Article in DNA Money.

Reliance petroleum are in the process of purchasing the downstream business of Mobil in Australia. This will give them 2 more refineries & 800 service stations in Australia.