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Reliance to export 10 lakh tonnes diesel to Brazil for $ 250mn
Reliance Petroleum Ltd (RPL) will export a total of one million tonnes of diesel to Brazil during the year 2001 as part of a term contract.
Reliance Petroleum Ltd (RPL) will export a total of one million tonnes of diesel to Brazil during the year 2001 as part of a term contract.
Consequently, RPL, operating the world's largest refinery, will earn over $ 250 million in foreign exchange, company sources told PTI on Tuesday.
As part of the term contract, the company has already made a few dispatches from its 27 million tonne Jamnagar Refinery in Gujarat.
RPL, which commissioned its refinery in December 1999, exported petro products valued at Rs 4714 crore during the first three quarters of the current financial year, sources said, adding that this made the company the largest manufacturer-exporter.
The company is mainly looking for newer markets and long-term business associations in Asian and Latin American countries for exporting products especially diesel and naptha from its refinery.
Though, RPL currently sells the five controlled products- LPG, Gasoline, aviation fuel, kerosene and diesel, to the public sector Indian Oil Corporation, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd, it is also exporting controlled products, which are not lifted by National Oil Companies for domestic absorption.
Bureau Report