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RIL Round-Up
Jan 22: Reliance Industries' Refinery Off Gas Cracker system was made operational in December, 2017.
8Out of the 10 petcoke gasifiers, four are expected to start by March 2018 and the rest in FY19.
8Even as the petrochemicals segment does well, the company's domestic E&P operations continue to shrink.
8KG Basin production declined to 5 mmscmd, down a third year on year and 9.6% quarter to quarter. More wells are shutting down and this will push down output even more.
8Shale gas output seems to have hit a ceiling of late.
8Incremental gas from the company's fresh R-series field in the KG Basin is now expected in 2020.
8And that is when the situation will look up.
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