Reliance likely to move Dubai crude team to India in global trade rejig

Quick Summary:

The private refiner is capable of processing some of the toughest heavy crude grade, sold at discounts which improves its profit margins.

In 2021, the private refiner, controlled by billionaire Mukesh Ambani, announced the opening of an office in UAE to trade oil and refined fuels including petrochemicals.

Reliance plans to expand its team in London, the sources said.

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Category: BusinessFinance

Markets: IndiaMalaysiaUkraine

Topics: Russian crude Reliance Industries Merger RIL Reliance Industries Ltd NCLT Refineries Crude oil Walt Disney Competition Commission Cci Reliance Quarter 3

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 13:53:01 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23237246

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