Reliance Petroleum
Encyclopedia
Reliance Petroleum Limited was set up by Reliance Industries Limited (RIL), one of India's largest private sector companies based in Mumbai
. Currently, RPL is subsidiary of RIL, and has interests in the downstream oil
business. RPL also benefits from a strategic alliance with Chevron India Holdings Pte Limited, Singapore
, a wholly owned subsidiary of Chevron Corporation
USA (Chevron), which currently holds a 5% equity stake in the Company.
refinery complex with refining capacity of 27 million tonnes per annum (540,000 barrel
s per day).
The refinery is able to process a wide variety of crudes- from very light to very heavy (from 18 to 45 degree API
) and from sweet to very sour (with sulphur content from 0 to 4.5%).
RPL commenced its crude processing on 25 December 2008. The secondary processing units are now under synchronization and commissioning. The entire refinery complex is expected to attain full capacity shortly.
With an annual crude processing capacity of 580000 barrels (92,212.6 m³) per stream day (BPSD), RPL will be the sixth largest refinery in the world. It will have a complexity of 14.0, using the Nelson Complexity Index
, ranking it amongst the highest in the sector. The polypropylene
plant will have a capacity to produce 0.9 million metric tonnes per annum.
The refinery project is being implemented at a capital cost of Rs
270,000 million being funded through a mix of equity and debt. This represents a capital cost of less than US $10,000 per barrel per day and compares very favourably with the average capital cost of new refineries announced in recent years. The International Energy Agency
(IEA) estimates the average capital cost of new refinery in the OECD nations to be in the region of US $15,000 to 20,000 per barrel per day. The low capital cost of RPL becomes even more attractive when adjusted for high complexity of the refinery.
business of Mobil
in Australia
. This will give them two more refineries and 800 service station
s in Australia.
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. Currently, RPL is subsidiary of RIL, and has interests in the downstream oil
Downstream (oil industry)
The petroleum industry is usually divided into three major components: Upstream, midstream and downstream. Midstream operations are usually included in the downstream category....
business. RPL also benefits from a strategic alliance with Chevron India Holdings Pte Limited, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, a wholly owned subsidiary of Chevron Corporation
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
USA (Chevron), which currently holds a 5% equity stake in the Company.
Jamnagar Refinery
Refining activities of Reliance Industries Limited are carried out at the JamnagarJamnagar
Jamnagar is a city and a municipal corporation in Jamnagar district in the Indian state of Gujarat. The city was built up substantially by Maharaja Kumar Shri Ranjitsinhji in the 1920s, when the district was known as Nawanagar. The district lies just to the south of the Gulf of Kutch and is...
refinery complex with refining capacity of 27 million tonnes per annum (540,000 barrel
Barrel
A barrel or cask is a hollow cylindrical container, traditionally made of vertical wooden staves and bound by wooden or metal hoops. Traditionally, the barrel was a standard size of measure referring to a set capacity or weight of a given commodity. A small barrel is called a keg.For example, a...
s per day).
The refinery is able to process a wide variety of crudes- from very light to very heavy (from 18 to 45 degree API
American Petroleum Institute
The American Petroleum Institute, commonly referred to as API, is the largest U.S trade association for the oil and natural gas industry...
) and from sweet to very sour (with sulphur content from 0 to 4.5%).
RPL commenced its crude processing on 25 December 2008. The secondary processing units are now under synchronization and commissioning. The entire refinery complex is expected to attain full capacity shortly.
With an annual crude processing capacity of 580000 barrels (92,212.6 m³) per stream day (BPSD), RPL will be the sixth largest refinery in the world. It will have a complexity of 14.0, using the Nelson Complexity Index
Nelson complexity index
The Nelson complexity index was developed by Wilbur L. Nelson in a series of articles in Oil & Gas Journal in 1960-61 . In 1976, he elaborated on the concept in another series of articles, again in Oil & Gas Journal...
, ranking it amongst the highest in the sector. The polypropylene
Polypropylene
Polypropylene , also known as polypropene, is a thermoplastic polymer used in a wide variety of applications including packaging, textiles , stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes...
plant will have a capacity to produce 0.9 million metric tonnes per annum.
The refinery project is being implemented at a capital cost of Rs
Indian rupee
The Indian rupee is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India....
270,000 million being funded through a mix of equity and debt. This represents a capital cost of less than US $10,000 per barrel per day and compares very favourably with the average capital cost of new refineries announced in recent years. The International Energy Agency
International Energy Agency
The International Energy Agency is a Paris-based autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development in 1974 in the wake of the 1973 oil crisis...
(IEA) estimates the average capital cost of new refinery in the OECD nations to be in the region of US $15,000 to 20,000 per barrel per day. The low capital cost of RPL becomes even more attractive when adjusted for high complexity of the refinery.
Expansion
Reliance petroleum is in the process of purchasing the downstreamDownstream (oil industry)
The petroleum industry is usually divided into three major components: Upstream, midstream and downstream. Midstream operations are usually included in the downstream category....
business of Mobil
Mobil
Mobil, previously known as the Socony-Vacuum Oil Company, was a major American oil company which merged with Exxon in 1999 to form ExxonMobil. Today Mobil continues as a major brand name within the combined company, as well as still being a gas station sometimes paired with their own store or On...
in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. This will give them two more refineries and 800 service station
Filling station
A filling station, also known as a fueling station, garage, gasbar , gas station , petrol bunk , petrol pump , petrol garage, petrol kiosk , petrol station "'servo"' in Australia or service station, is a facility which sells fuel and lubricants...
s in Australia.