Reliance to Move Dubai Crude Team Back to India in Global Trade Rejig: Report
1 month, 4 weeks ago

Reliance to Move Dubai Crude Team Back to India in Global Trade Rejig: Report

The Hindu  

Reliance Industries is restructuring its trading operations, with a significant portion of its Dubai crude oil trading team moving back to Mumbai. This move is driven by the company's need to secure long-term oil supplies from Russia, which has reduced the need to buy spot cargoes. Reliance plans to keep its product trading team in Dubai for the time being, while it expands its team in London.

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History of this topic

Reliance buys its first Canadian crude from Trans Mountain pipeline: Report
7 months, 3 weeks ago

Reliance buys its first Canadian crude from Trans Mountain pipeline: Report

Hindustan Times  

Reliance Industries has bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner's first oil purchase from Canada's new Trans Mountain pipeline, trade sources said. Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May. Shell …

India's Reliance buys at least 15 million barrels of Russian oil: traders
2 years, 8 months ago

India's Reliance buys at least 15 million barrels of Russian oil: traders

The Hindu  

Reliance Industries Ltd., operator of the world's biggest oil-refining complex, has ordered at least 15 million barrels of Russian oil since Russia invaded Ukraine in February, trade sources said. But Western sanctions against Russia since its Ukraine invasion, which Moscow calls a "special operation", have prompted many oil importers to shun trade with Moscow, depressing its crude prices to record …

Reliance eyes first oil cargo from UAE trade arm in December: Sources
3 years ago

Reliance eyes first oil cargo from UAE trade arm in December: Sources

The Hindu  

India’s Reliance Industries Limited, operator of the world’s biggest refining complex at Jamnagar in Western India, aims to get the first cargo of oil from its new Abu Dhabi-based trading unit in December, a source familiar with the matter said. Abu Dhabi National Oil Co, which has leased part of the strategic petroleum reserve at Mangalore in southern India, supplied …

Reliance eyes first oil cargo from UAE trade arm in Dec: Report
3 years ago

Reliance eyes first oil cargo from UAE trade arm in Dec: Report

Live Mint  

India's Reliance Industries Ltd, operator of the world's biggest refining complex at Jamnagar in Western India, aims to get the first cargo of oil from its new Abu Dhabi-based trading unit in December, a source familiar with the matter said. Abu Dhabi National Oil Co, which has leased part of the strategic petroleum reserve at Mangalore in southern India, supplied …

RIL said to invest in Abu Dhabi petrochemicals hub: Report
3 years, 5 months ago

RIL said to invest in Abu Dhabi petrochemicals hub: Report

Live Mint  

Reliance Industries Ltd. is set to invest in petrochemical facilities in Abu Dhabi, according to people familiar with the matter, as it strengthens energy ties with the Middle East. The Indian conglomerate plans to join projects at Abu Dhabi National Oil Co.’s Ruwais refining hub, the people said. Reliance, the operator of the world’s biggest refining complex, and Adnoc signed …

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