Reliance eyes first oil cargo from UAE trade arm in Dec: Report
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.
Billionaire Mukesh Ambani-backed Reliance group in October announced plans to set up Reliance International Ltd (RINL) to trade in crude oil, petroleum, petrochemical products and agricultural commodities.
The Indian conglomerate aims to get about a 500,000 barrels cargo of United Arab Emirates’ Das crude from RINL, said the source, who is not authorised to speak to media.
