Tuesday, December 1, 2009

RIL Stops Gasoline to Iran

As expected, Reliance Industries has stopped the gasoline and gas oil to Iran since April, these also means that RIL is in lead of acquisition and want to escape sanctions by the US.

RIL was selling mostly gasoline to Iran but has since April to this year RIL has completely stopped shipments from Jamnagar refinery.

With this news, it is almost clear that RIL will catch hold of LyondellBasell.

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