Reliance refinery gives up export unit status

September 28th, 2009 MUMBAI - The Anil Ambani group has called the marketing margin for the gas produced by Reliance Industries from the Krishna-Godavari basin illegal and asked the oil ministry to prevent the company from suspending supplies as threatened. In a letter to Petroleum Secretary R.S.

September 25th, 2009 No injuries, evacuations from refinery fire in LALOS ANGELES — Los Angeles fire officials say they've choked off a fire at an oil refinery south of downtown, but nearby schools are being urged to keep students indoors until the smoke clears. The fire at the 300-acre Tesoro Corp.

August 30th, 2009 NEW DELHI - Mukesh Ambani led Reliance Industries Ltd (RIL) has decided to get the security cover from the Central Industrial Security Force (CISF) for its Jamnagar refinery in Gujarat. RIL's Jamnagar refinery, is world's biggest Greenfield refinery According to sources, the RIL has conveyed its decision to the Union Home Ministry that they are now keen to take the CISF security cover.

August 19th, 2009 KBR to provide services for Angolan refineryHOUSTON — KBR said Wednesday it has been hired to provide engineering services for a proposed refinery in Lobito, Angola. KBR, an international construction and engineering firm, didn't say how much it would earn from the contract with Angola's state-owned oil and gas company, Sonangol, E.P.

July 28th, 2009 MUMBAI - Reliance Natural Resources chairman Anil Ambani on Tuesday blamed the Petroleum Ministry of maintaining a biased approach in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the issue of the price of natural gas from the Krishna-Godavari basin. Anil, while addressing shareholders of the company, stated that the Government would not lose a single rupee even if the gas from the fields off the Andhra Pradesh coast were to be supplied to his company at the originally contracted price of 2.34 dollars per unit.

April 23rd, 2009 MUMBAI - Reliance Petroleum Ltd (RPL), the refinery arm of the Mukesh Ambani-controlled Reliance Industries Ltd (RIL), Thursday reported a net profit of Rs.84 crore ($17 million) for the quarter ended March 31 on a turnover of Rs.3,678 crore. Previous years' figures were not available as the $6.7-billion RPL started crude processing operations Dec 25, 2008.

April 23rd, 2009 MUMBAI - India's largest private sector company, the Mukesh Ambani-led Reliance Industries, Thursday reported a 1-percent drop in net profit for the quarter ended March 31, at Rs.3,874 crore (Rs.38.74 billion or $774.8 million). The turnover of the oil refining to retail major also dipped nearly 24 percent at Rs.29,073 crore for the fourth quarter in what had been a difficult year for oil refining firms across the globe in the wake of high crude prices and low margins.

March 25th, 2009 NEW DELHI - The government has approved a proposal for merging Bongaigaon Refinery and Petrochemicals into its parent company, the state-run Indian Oil Corp (IOC). In a regulatory statement Wednesday, IOC said Bongaigaon Refinery stands dissolved and the merger becomes effective March 25 following the filing of the amalgamation order with the Registrar of Companies (ROCs) in Shillong and Mumbai.

March 25th, 2009 NEW DELHI - Reliance Industries will start gas production from its offshore Krishna Godavari (KG) fields in the first week of April, Petroleum Secretary R.S. Pandey said here Tuesday.

March 2nd, 2009 MUMBAI - In one of India's largest amalgamation deals, Reliance Petroleum will merge with its parent and the country's biggest private company Reliance Industries in what the promoters say would create better synergies in the hydrocarbons space. The boards of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.

February 28th, 2009 MUMBAI - The $34.5-billion Reliance Industries, India's largest private sector company, Friday announced that it will consider a proposal next week to merge another group company into itself to bring in operational efficiency. The Mukesh Ambani-controlled Reliance Industries and its oil refining and export-oriented subsidiary Reliance Petroleum, have both informed the stock exchanges of their boards' agenda to consider the merger.

January 21st, 2009 MUMBAI - Reliance Industries Ltd, India's largest private company, Thursday reported a 8.75 percent drop in net profit for the quarter ended Dec 31, but managed to beat forecasts as analysts had expected a much steeper fall in the bottomline. The quarterly loss was the first for the company in three years.

January 12th, 2009 NEW DELHI - State-run Bharat Petroleum Company Limited (BPCL) Tuesday said it was negotiating with Mukesh Ambani-led Reliance Industries for allocation of gas from the Krishna-Godavari basin, off the Andhra Pradesh coast. 'The government has already given out who will be given priority in the sector,' Ashok Sinha, the chairman of BPCL said on the sidelines of the 8th International Oil and Gas Conference here Tuesday.

January 7th, 2009 JAMNAGAR - An accidental explosion at the Reliance refinery here killed two engineers, the company said Thursday, a day after the incident. The explosion occurred Wednesday while a pipeline was being tested at the hydrogen plant of the newly commissioned refinery at Moti Khavdi.

December 24th, 2008 NEW DELHI - Reliance Industries Ltd (RIL) Thursday commissioned its second refinery in Gujarat, which has a capacity to process 580,000 barrels of oil per day. Announcing the launch, Reliance Petroleum, a subsidiary of RIL, said the entire refinery complex at Gujarat's Jamnagar will attain full capacity shortly.