World's biggest petroleum refinery complex opens in Jamnagar

0

Posted by Liju Philip | Posted in Business, India, Investing, World, chemicals, crude oil, diesel, finance, fuel, invest, money, oil, petrochemicals | Posted on 26-12-2008

Reliance Industries Ltd’s new refinery in western Gujarat state began processing crude this week, nearly doubling company output and creating the world’s biggest refining complex just as global demand retreats.

rpl-fuelAfter reaching full capacity of 580,000 barrels per day (bpd), the $6 billion project, one of the most sophisticated in the world, will make the oil complex in Jamnagar the single-biggest supplier of fuels to the global market. It will pump out 1.24 million bpd of ultra-clean fuels to meet demand in Europe, Africa and the United States.

The refiner’s process configuration is being designed to maximise gasoline, alkylate, jet fuel and diesel output, as well as premium products such as 0.1 percent sulphur gasoline and diesel, while the production of residual fuel will be limited.

rpl1RPL refinery at a glance

  • It is one of the world’s most complex refineries with a Nelson Complexity index of 14.0. This will enable the refinery to process heavy-crude varieties and produce superior quality products that meet stringent specifications, even beyond the forthcoming Euro IV norms.
  • The high complexity will also present a significant competitive advantage in the current industry landscape of increasingly heavy and sour new crude discoveries. In addition, the widening light-heavy differentials in recent years will add to its competitiveness.
  • RPL refinery is located adjacent to RIL’s existing refinery and petrochemicals complex, which is among the largest and most efficient complexes in the world. Through sharing of best practices and leveraging the existing infrastructure, RPL will stand to gain in the areas of operational efficiency, logistics, crude sourcing, product placement and risk management
  • Close proximity to the Middle East. The result: lower ship turnaround time and reduced crude freight costs.

Above news source: Reuters UK & Indian Express

Pictures source: Reliance Petroleum website

+++

Your Ad Here
  • Share/Bookmark

India joins nuclear club, gets NSG waiver

0

Posted by Liju Philip | Posted in Business, India, Investing, World, energy, fuel, invest, money, nuclear energy, nuclear power, plutonium, thorium, uranium | Posted on 08-09-2008

Like someone mentioned, the only places of mourning after the NSG nod is Beijing, Islamabad and the headquarters of BJP and Communists. The BJP was the one who started the whole deal by starting talks with the US.  The BJP was on the verge of  signing the NPT which succesive Indian governments have vehemently opposed signing saying that its a discriminatory treaty.

What the Congress has managed is a far far superior deal than what BJP could do.  No wonder the heart burn among the chaddi gang and the name calling of the Prime Minister.  They simply cant believe that the wily sardar has simply stolen the thunder from right under their nose.

As for the commies, no comments.  One doesnt need to bother much about mad barking dogs.  Prakash Carrot Karat, Bardhan, Raja (all are on the Chinese payroll and hence loyal pets to their masters). They thrive in the gutters and are better left there.

Meanwhile i would love to see Advani’s sorry face.  He’s nowhere to be seen these days.  Maybe he’s reconciled to the fact that he might never be able to become the Prime Minister of India :D

The 45-nation Nuclear Suppliers Group (NSG) has finally given its nod to the Indo-US nuclear deal in Vienna on Saturday. Ending three decades of isolation, India has joined the elite nuclear club. The NSG waiver has come through on the third day of the crucial talks in Vienna after push from the highest political level, the opposing countries gave their nod. The breakthrough reportedly came after US President George W Bush lobbied members of the NSG.

The group of nations which regulates the global nuclear trade has approved a US proposal to lift restrictions on selling nuclear technology to India. The controversial deal now needs to be ratified by the US Congress before it can be implemented.

India says the deal is vital for it to meet its civil energy demands. The approval came after India pledged to keep its nuclear non-proliferation commitments and to uphold a voluntary moratorium on testing atomic weapons.

 Singh is King

The real leaders in the whole deal has been none other than Prime Minister Manmohan Singh and George Bush. Though Bush had nothing to lose even in case the deal fell through, it was Manmohan Singh who staked his career and reputaion at the altar of the nuclear deal.  He’s been called the “weakest Prime Minister” by the eternal Prime minister in waiting LK Advani (he never will sit on that seat).  After decimating the opposition in the no confidence deal, the Prime Minister has marshalled his troops for a fine victory at the NSG.

 
Three years ago the PM didn’t foresee what a tumultuous ride it would be. Back in India, the Left refused to accept the deal, leading to an uncharacteristically strong interview by the Prime Minister saying if they had to withdraw support over the deal, so be it.

 

For months, the oscillation continued till Manmohan Singh upped the ante saying he could not renege on this international commitment on a deal he firmly believed was the best for India. Despite critics from within his party, the support of the Gandhis gave him the backing he needed and it was a transformed prime minister who faced Parliament this July in a dramatic vote of confidence.

Eventually the government emerged victorious with a new ally and without the Left. Closely watching India’s domestic battle over the deal was the White House, the deal a personal legacy for an embattled President Bush. After the Iraq fiasco, the Indo-US nuclear agreement was seen by him as a foreign policy coup and a huge opportunity for American business, something he was willing to go the extra mile for.

On Saturday, as China threatened a walk out, President Bush picked up the phone and called his Chinese counterpart Hu Jintao, a toned down version of his infamous, ‘you are with us, or against us’ rhetoric.  A pact clinched by two men who couldn’t be more unlike each other, one a flamboyant Texan known for his foreign policy gaffes, the other a mild mannered economist turned politician.

In the end however, the two men came together to push through a historic deal for India amid huge domestic and international opposition.

Above pictures and news courtesy: IBNlive, NDTV, Atomic Archive

+++

Your Ad Here
  • Share/Bookmark