U.S. Secretary Marco Rubio Visits Reliance's Jamnagar Refinery to Discuss Energy Collaboration
U.S. Secretary of State Marco Rubio visited Reliance Industries' Jamnagar refinery, the world’s largest single-site facility with a crude processing capacity of 1.4 million barrels per day. During his visit, he emphasized potential collaboration between the U.S. and India to refine Western Hemisphere energy supplies, highlighting Reliance's capability in refining heavy crude oil. Rubio described India as a 'refining superpower' due to its ability to process high volumes of heavy crude from countries like Venezuela. He also noted that Reliance has become one of the largest buyers of Venezuelan crude outside the U.S., aiding energy diversification efforts for both nations. The visit comes amid rising diesel prices in the U.S., with midterm elections approaching. The trip follows broader discussions about a potential $300 billion investment by Reliance into building America’s first new oil refinery in 50 years, though details remain unconfirmed.
Topics: refining capacity Reliance Industries U.S.-India relations Venezuelan crude
Part of the story U.S. Secretary Marco Rubio to Visit Reliance Industries' Refinery as Diesel Prices Rise (2 articles)