Reliance Industries (RIL) has since April stopped selling gasoline and gas oil to RIL till last year sold mostly gasoline to US is seeking to restrict gasoline supplies from refiners to RIL, which is looking to acquire US-based chemicals company LyondellBasell, however, continues to buy 5-6 million tonnes a year of crude oil from Iran. The company sells fuel on Freight on Board (FOB) basis to traders with clear instructions to restrict sales of fuel to Sources said it has even put a "destination restriction" on the fuel it sells to traders like Vitol, the said. The destination restriction means that the trader who buys fuel from RIL cannot sell it in They said RIL sells fuel to traders with clear instructions that the final destination will not be RIL's 1.24 million barrels per day |
Tuesday, December 1, 2009
RIL stops gas by-product sales to Iran
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Economic Event Calendar
GMT+5:30 | Event | Vol. | Actual | Consensus | Previous | |
---|---|---|---|---|---|---|
Thursday, Jun 12 | ||||||
11:30 | Index of Services (3M/3M) | 1 | 0.6% | 0.7% | 0.7% | |
11:30 | Manufacturing Production (YoY) | 1 | 0.4% | 0.4% | -0.8% | |
11:30 | Industrial Production (MoM) | 2 | -0.6% | -0.5% | -0.7% | |
11:30 | Industrial Production (YoY) | 1 | -0.3% | -0.2% | -0.7% | |
11:30 | Manufacturing Production (MoM) | 2 | -0.9% | -0.8% | -0.8% | |
n/a | NIESR GDP Estimate (3M) | 1 | 0.6% | |||
18:00 | Producer Price Index (YoY) | 2 | 2.6% | 2.4% | ||
18:00 | Producer Price Index ex Food & Energy (MoM) | 2 | 0.3% | -0.4% | ||
18:00 | Producer Price Index (MoM) | 2 | 0.2% | -0.5% | ||
18:00 | Producer Price Index ex Food & Energy (YoY) | 3 | 3.1% | 3.1% |
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