RIL To Export 8-9 MT Of Petro Products

New Delhi, May 20: | Updated: May 21 2003, 05:30am hrs
Reliance Industries will export around 8-9 million tonne of petroleum products, which is 33 per cent of its production from Jamnagar refinery. The export basket of RIL includes aviation turbine fuel (ATF), diesel, gasoline and some quantities of naphtha.

RIL, which at present does not have a retail chain of its own, sells 13.1 million tonne of its products annually to state-run oil retailing firms Indian Oil, Bharat Petroleum and Hindustan Petroleum. Of this, IOC picks up 7.5 million tonne while the other two market the remaining equally.

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During 2001-02, export of RIL products accounted for Rs 8,476 crore in the Rs 33,117 crore total sales. RILs mainstay in exports is diesel, dispatching over 3 lakh tonne every month.

RIL, which has secured a licence to set up 5,849 petrol stations throughout the country, has a contract with state oil firms till March 31, 2004 for selling its petro products.

We hope to begin retailing petro products by March 2004 when our last phase of about 1000-1500 petrol stations would be in place. Typically, we would be exporting about 33 per cent of our refinery production this fiscal. It would be roughly 8-9 million tonne of products, RIL group president PMS Prasad told reporters.

IOC lifted 1.54 million tonne of superior kerosene oil from Jamanagar refinery for sale through its retail chain in 2002-03, 279,000 tonne of petrol, 4.3 million tonne of high speed diesel and 1.36 million tonne of LPG. During 2003-04, IOC will lift 1.58 million tonne of superior kerosene oil, 272,000 tonne of petrol, 4.28 million tonne of high speed diesel and 1.36 million tonne of LPG.

The balance of what was not lifted by PSU oil companies was being exported, Mr Prasad said.