KOLKATA, India, Oct. 16 (Xinhua) -- India's largest private conglomerate Reliance Industries Limited (RIL) recorded half- yearly exports of 1,126.67 billion rupees (21.3 billion U.S. dollars) a company statement said Tuesday.
The company recorded a half-yearly revenue of as on Sept. 30, 2012 1881.91 billion rupees (135.6 billion U.S. dollars) and a net profit of 9,8.49 billion rupees (1.9 billion U.S. dollars)
Among its achievements Sept. 25, RIL and the Venezuelan state oil company, Petroleos de Venezuela, SA (PDVSA) signed a 15 year heavy crude oil supply contract and an MOU to further develop Venezuelan heavy oil fields.
PDVSA will supply between 300,000 and 400,000 barrels per day of Venezuelan heavy crude oil to Reliance's two refineries in Jamnagar under a 15-year crude oil supply contract. As per the MOU, Reliance will explore upstream options for joint participation in heavy oil projects of the Orinoco oil belt.
RIL selected Fluor Corporation to provide project management services for its projects being executed at its refining and petrochemical complex in Jamnagar in India's western state of Gujarat. These projects represent one of the largest investments globally.
RIL selected Phillips 66's E-Gas technology for its coke gasification facility. This facility will process petroleum coke and coal into synthesis gas. Phillips 66 will license the technology to RIL and also provide process engineering design and technical support relating to the gasification technology process area.
RIL has selected Technip as a technology supplier and engineering contractor to implement its Refinery Off-Gas Cracker ( ROGC) project. This is part of the petrochemical expansion project being executed at Jamnagar.
The ROGC plant will be amongst the world's largest ethylene crackers and will be using refinery off-gas as feedstock. Twill be amongst the world's largest ethylene crackers and will be using refinery off-gas as feedstock. This plant will provide feedstock for new downstream petrochemical plants also being built at Jamnagar.
RIL signed a 2 billion U.S. dollars equivalent loan with nine banks covered by Euler Hermes Deutschland AG ("Euler Hermes") in May this year. The loan will be primarily used to finance goods and services procured from German suppliers as part of the petrochemical expansion projects at Jamnagar, Hazira, Silvassa and Dahej in India.