The Shale Gas industry, in North America has grown exponentially in the past five years. As a result Ethane has become the dominant feedstock for crackers replacing liquids. Reliance’s investments in Shale Gas and its existing crackers portfolio in India are a natural fit for sourcing Ethane from North America and shipping it to India to attain long term feedstock competitiveness.
RIL, BP and Niko have issued a Notice of Arbitration to the Government of India: The oil companies want to force authorities to implement the “Domestic Natural Gas Pricing Guideline 2014”, which could bring them higher prices.
Reliance Industries and the Venezuelan state oil company, Petroleos de Venezuela (PdVSA) have signed a joint study agreement for Ayacucho Block 8 in Orinoco Oil Belt. As per the agreement, both the companies will jointly evaluate the development plan for Ayacucho 8.
Jacobs Engineering Group has been selected by Reliance Industries (RIL) to provide engineering and procurement assistance services for the construction of offsites and utilities facilities for a cracker complex at the Jamnagar refining and petrochemical complex in Gujarat. The contract is being executed from Jacobs' offices in Mumbai.
Reliance Sibur Elastomers (RSEPL), a joint venture between Indian Reliance Industries (RIL) and Sibur of Russia has started the construction of a joint butyl rubber plant in India's petro–city Jamnagar.
Reliance Industries (RIL) has scheduled a planned maintenance turnaround of one crude distillation unit of its SEZ refinery at Jamnagar Complex for a period of approximately 4 weeks starting February 18, 2013.
Foster Wheeler’s subsidiary Global Engineering and Construction Group has been awarded a contract by Reliance Industries Limited (RIL) for the provision of engineering and procurement services for its Paraxylene Project at Jamnagar. This project is a part of RIL’s Expansion Project at its world-scale Jamnagar refining and petrochemical complex.
Reliance Industries Limited (RIL)’s SEZ Refinery at Jamnagar has won the prestigious ‘Globe of Honor Award’ for the excellence in Environmental management by the British Safety Council, London. RIL's Jamnagar SEZ Refinery is the only Indian entity to make it to the elite list.