Reliance says Jamnagar refinery working normally

Reliance says Jamnagar refinery working normally
Comment E-mail Print Share
First Published: Thu, Jun 14 2007. 09 32 AM IST
Updated: Thu, Jun 14 2007. 09 32 AM IST
By Reuters
New Delhi: Reliance Industries Ltd.’s Jamnagar refinery is working normally and output is as planned, the Indian company said on 13 June after industry sources said a unit had been shut down.
Earlier, industry sources had said Reliance, India’s biggest private refiner, had shut down a delayed coker unit. Another source later said only a part of the unit had been shut.
One trade source said the shutdown may hit output from the entire refinery but Reliance denied this.
“RIL’s refinery located at Jamnagar is working normally and production is as per planned,” a company statement said.
An industry source said only one of the four drums in the coker, which has a total capacity of 160,000 barrels per day, had been shut for inspection.
The company statement made no mention of a delayed coker or a shutdown.
Earlier an Indian trader said Reliance had stopped production of residue petroleum coke, while a Singapore-based trader said there was a problem with the coker and loadings of a residue product had been delayed.
A coker unit takes residual fuel oil and makes distillate transport products such as gasoline, diesel and jet fuel, as well as petroleum coke.
Reliance does not usually sell fuel oil but is an export-oriented refiner selling gasoline and other fuels to Asia, the Middle East and the United States.
Shares of Reliance ended down 1.53%, a steeper decline than a 0.9% drop in the broader market .
Comment E-mail Print Share
First Published: Thu, Jun 14 2007. 09 32 AM IST