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Reliance declares force majeure on gasoline exports from Jamnagar: Report

Force majeure is typically declared when matters deemed beyond a refinery's control disrupt supplies, allowing it to void some of its contractual obligations to customers

Reuters  |  Singapore 

India's Reliance Industries, which operates the world's largest refining complex, has declared force majeure on gasoline exports from its Jamnagar site, four people familiar with the matter said on Wednesday, potentially boosting margins for other suppliers of the oil product. The force majeure follows an unspecified issue at a gasoline-producing fluid catalytic cracker (FCC) unit in its export-oriented refinery with a capacity of more than 500,000 barrels per day (bpd) in the special economic zone in Jamnagar, two of the people said. Force majeure is typically declared ...

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First Published: Wed, August 15 2018. 14:49 IST