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Thursday, December 25, 2008

Reliance Industries to start world's biggest refinery

The $6 billion project will make the oil complex in Jamnagar in Gujarat the world's single biggest supplier of fuels to the global market, pumping out 1.24 million bpd of ultra-clean fuels to Europe, Africa and the United States.

The project is a triumph for Chief Executive Mukesh Ambani, who helped break
India's heavy reliance on imported fuel a decade ago with Reliance's first 660,000 bpd plant, a cash cow for the firm during a profit boom over the past four years.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 24
21:20 BoE's Breeden speech 2
22:00 Fed's Williams speech 2
22:30 2-Year Note Auction 1 3.786% 3.955%
23:15 Fed's Kashkari speech 2
23:30 Fed's Barr speech 2
Wednesday, Jun 25
02:00 API Weekly Crude Oil Stock 1 -10.133M
04:15 Trade Balance NZD (MoM) 1 $1,060M $1,426M
04:15 Imports 2 $6.42B
04:15 Exports 2 $7.84B
04:15 Trade Balance NZD (YoY) 2 $-4.81B
Economic Calendar >> Add to your site

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