Reliance Petroleum Limited (RPL) is a venture of Mukesh Ambani headed Reliance Industries Ltd. (RIL). The dominant presence of RIL in the Energy Sector in India and global leadership in many products moves a step further with a instigation into the global refining sector. RPL or Reliance Petroleum Ltd has a head start from a strategic alliance between RIL and Chevron India Holdings Pvt. Ltd., Singapore (a wholly-owned subsidiary of Chevron Corp. USA).
The RIL refinery in Jamnagar, Gujarat that is also one of the largest and most efficient globally is slated to get a twin from RPL. This Reliance Petroleum Project consists of a Greenfield Petroleum Refinery and a Polypropylene Plant in the Jamnagar SEZ (Special Economic Zone) . The Reliance Petroleum Refinery will be the sixth largest in the world. Other details include:
Annual Crude Processing Capacity: 580,000 BPSD (barrels per stream day)
Complexity: 14.0 (as per Nelson Complexity Index)
Polypropylene Plant Capacity: 0.9 metric tonnes per annum Capital Cost: Rs. 27,000 crores
The Capital Cost of Reliance Petroleum Ltd. is comparatively low as we take in account the average capital costs for other new refineries across the world when we consider the high levels of complexity making it amongst the highest ranking ones globally. This can be accredited to the 'Intelligent Repeat' of designing and engineering techniques, effective procurement strategies and prompt implementation of the project blue print in the RPL's refinery. This would help RIL owned Reliance Petroleum deliver superior product and thereby get a competitive advantage in the market. Slated to be completed within 3 years, Reliance Petroleum project for this Refinery at Jamnagar has acquired a name of "A Modern Temple of Resurgent India".
RPL carries out retailing of self-produced Petrol through the Reliance Petroleum Dealership network across the country. Reliance Petroleum Retail outlet or the Reliance Petrol Pumps present at all major highways and within major cities retail Petrol at a pre-decided price. Recently Reliance Petrol Pump news that made headlines was the announcement by RPL of around 900 Reliance Petrol pumps to close came as a shock wave in the industry. The cited reason behind this decision was inviability of the Petrol retail operation due to surging crude oil prices and absence of Governmental Subsidies for private retailers like Reliance Petroleum Limited.
