Reliance Industries500325Oil refining, petrochemicals
US Secretary of State Marco Rubio visited Reliance's Jamnagar refinery, saying India could use it to diversify crude sourcing including from Venezuela, and said a US-India trade deal was incredibly close
By ScoutQuest · · 1 min read
- Jamnagar refining capacity
- over a million barrels a day
- India's share of global refining
- 6.2 percent
- India's refining capacity
- 258 million tonnes
- 2030 target refining capacity
- 310 million tonnes
- Long term target capacity
- 400 to 450 million tonnes
Heard on business television between 13:07:43 - 13:10:43 IST.
- Rubio told Network18 that Reliance has extraordinary refining capacity and that there is an opportunity for it to help India diversify energy supply, citing increasing Venezuelan production.
- He noted Reliance is one of the few companies to have invested in refining capacity within the United States, and said working together on Western hemisphere energy helps both India and the US.
- Rubio said a trade deal between India and the US was incredibly close with only technical details remaining, and would secure better rates for both nations; Donald Trump was quoted saying it would be 'a different kind of deal'.
- Data cited showed India imports about 90% of its crude but is among the top five refiners globally, with Jamnagar able to process over a million barrels a day; India's refining capacity is 258 million tonnes versus a global 4,170 million tonnes, with a target of 310 million tonnes by 2030.
- It was also noted Russian refining throughput fell to a 20-year low of 3.8 million barrels a day in September, down about 30% year-on-year, while Indian diesel exports hit 596,000 barrels a day in September versus an average of 4.8 (lakh barrels a day).
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Source: Live TV News Channel · 21 Oct 2026
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