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Vol. VII Issue. 52
Reliance Industries exports rise as jet fuel shipments more than triple

14 June 2011

June 10, 2011. Fuel exports by Reliance Industries (RIL), India's largest publicly traded company, climbed at least 15 percent in May as the owner of the world's biggest refining complex more than tripled jet fuel shipments. The Mumbai-based company shipped at least 2.3 million metric tons of oil products from its Jamnagar facility in western India, up from 2 million tons in April. Reliance exported at least 410,000 tons of aviation fuel, compared with about 120,000 tons a month earlier. Prices for jet fuel in Europe, which took 85 percent of the cargoes, climbed to the highest in 32 months in April as fighting in Libya reduced supplies.

      
 
 
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