RIL, Essar Oil keen to buy Cairn’s output

RIL, Essar Oil keen to buy Cairn’s output
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First Published: Tue, Mar 17 2009. 10 04 PM IST
Updated: Tue, Mar 17 2009. 10 04 PM IST
New Delhi: Mukesh Ambani’s Reliance Industries Ltd (RIL) and the Ruias-promoted Essar Oil Ltd are keen to buy the entire crude oil output from Cairn India Ltd’s fields in Rajasthan, top officials of the two private sector refining firms said. “We can process all that they (Cairn) can produce... We already use 25% of Venezuelan crude, which is also not good quality crude,” said a top official with Essar Oil.
However, both RIL and Essar are willing to invest in setting up such infrastructure that will allow them to use the Rajasthan crude at their refineries, but want the government to take an early decision on the sale of the crude.
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First Published: Tue, Mar 17 2009. 10 04 PM IST