1. Post Nuclear deal, Reliance Industries may look at exporting petrol, diesel to Iran

Post Nuclear deal, Reliance Industries may look at exporting petrol, diesel to Iran

Reliance Industries (RIL) expects fuel exports to the Middle East to diminish as local refineries start.

By: | Published: July 15, 2015 7:07 PM
reliance industries

Reliance Industries (RIL) expects fuel exports to the Middle East to diminish as local refineries start.

Reliance Industries, which had abandoned fuel export to Iran six years back, is again looking at starting petrol and diesel export to the Persian Gulf nation following the landmark nuclear deal.

A company official said oil product from RIL’s giant refining complex at Jamnagar in Gujarat are currently flowing more to eastern markets.

Iran reaching deal with western powers to curb its nuclear programme in return of easing import and export restrictions, presents an “opportunity” to RIL, the official said asking not to be identified as the person isn’t authorised to speak to the media.

“It is still early days to actually say RIL will start exports to Iran. We have to assess situation as it develops following lifting of sanctions,” he said.

RIL expects fuel exports to the Middle East to diminish as local refineries start.

Under mounting global pressure, especially from the US, RIL had in January 2009 stopped export of gasoline to Iran.

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