Wednesday, February 21, 2007

Jamnagar - Chevron chief in town

Chevron Corp Chairman and Chief Executive David J o'Reilly is in Jamnagar to review the progress of Reliance Petroleum Ltd's 580,000 barrels per day refinery, where it has a 5 per cent stake, Chevron has future rights to purchase additional shares to increase its equity ownership to 29 per cent.
RPL currently operates a 660,000 barrels per day refinery in Jamnagar.
RPL plans to invest 6B USD in the new refinery, which is expected to begin operations in December 08.