RIReliance Industries500325Oil refining

US Secretary of State Marco Rubio visited Reliance's Jamnagar refinery and spoke about India-US energy cooperation and Reliance's refining capacity amid shifting global crude supply

By ScoutQuest · Wed 21 Oct 2026, 11:40 AM IST · 1 min read

Jamnagar refining capacity

over 1.4 million barrels a day

Share of world refining capacity

1.5 percent

India crude imports share

90 percent

Global refining capacity

4,170 million tons a year

US refining capacity

856 million tons

Heard on business television between 11:46:20 - 11:49:20 IST.

• Rubio said Reliance has extraordinary refining capacity and helps India diversify its energy supply chain, citing Venezuela's rising production and India's history of refining such crude.
• Rubio noted Reliance has invested in increasing refining capacity within the United States, which prompted his visit to discuss closer cooperation.
• Data presented showed India imports about 90% of its crude oil yet is among the top five global refiners; Jamnagar can process over 1 million barrels a day, about 1.5% of world refining capacity from a single site.
• Global refining capacity was put at 4,170 million tons/year (IEA), led by the US (856 million tons), China (599), Russia (277), South Korea (260), India (258) and Japan (158); India's target is 310 million tons by 2030.
• Russian refinery throughput fell to 3.8 million barrels/day in September, a 20-year low and 30% lower year-on-year, while Indian diesel exports rose to 596,000 barrels/day in September versus a 2026 average of 482,000 barrels/day, with Indian refiners filling the gap; Indian Oil holds about 27% of India's refining capacity (70.25 million tons) and Reliance about 26% (68.2 million tons).
• Venezuelan crude was noted as heavy, sour and discounted (around $16/barrel below dated Brent in March 2026), with Reliance said to be the only Indian refiner able to take large sustained volumes at Jamnagar, though S&P cautioned in January against treating it as a like-for-like Russian crude replacement due to narrowing discounts, freight costs and sanctions volatility.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev