RIL wants to buy Cairn’s oil from Rajasthan fields

Reliance Industries is keen on buying Cairn India’s Rajasthan crude oil but said it cannot take the oil unless the pipeline from fields to Gujarat coast is built.

RIL wants 30,000 to 60,000 barrels per day of Cairn crude at each of its two refineries at Jamnagar in Gujarat.

We want Rajasthan crude but have no facility to receive (oil in) tankers, RIL Executive Director P M S Prasad told reporters here.

Cairn, which began crude oil production from its prolific Rajasthan fields on August 29, will transport initial volumes to refiners by trucks and tankers. A pipeline from the Barmer district fields to Gujarat coast will be completed by the year-end.

We will be willing to take Rajasthan crude once the pipeline is completed, he said.

The government has so far nominated Indian Oil, Hindustan Petroleum and Mangalore Refinery to buy the Rajasthan crude.
SOurce: ptinews

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