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News Brief | August 2016

Reliance oil imports for May down 13.2percent YoY

Reliance Industries Ltd (RIL), owner of the world´s biggest refining complex, imported 13.2 per cent less oil in May compared with a year earlier, as it shut a crude unit at its 580,000-barrel-per-day (bpd) refinery for three weeks. Reliance, which has a diversified crude slate and shifts purchases to maximise revenue, bought 1.15 million bpd last month, a decline of 4.5 per cent from April. Last month, Reliance received about 98,700 bpd oil and condensate from Iran after skipping purchases from Tehran in the previous month. The Indian conglomerate in March resumed purchases from Tehran after a six-year gap.

Contact: Reliance Industries Limited
Website: www.ril.com

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