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- Reliance Texas Refinery Investment | Mukesh Ambani Marco Rubio Jamnagar Visit
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US Secretary of State Marco Rubio is coming on a two-day visit to India next week. During his visit, he will spend about 9 hours at the refinery complex of Reliance Industries in Gujarat. Here he will also meet Reliance Chairman and Managing Director Mukesh Ambani.
According to media reports, Reliance Industries is preparing to make a big investment in an oil refinery in Texas, America. For this reason this meeting is being considered very important.
Rubio will come to Mumbai on October 20
According to Rubio’s schedule, he will reach Mumbai first on October 20. He will leave for Jamnagar on 21st October. There he will meet Mukesh Ambani and along with taking a tour of the refinery complex, he can also visit ‘Vantara’ Wildlife and Animal Rehabilitation Centre.
Will also meet the chairman of Adani and Tata groups
Before leaving for Gujarat, the US Secretary of State also has to meet other big industrialists of India. He will also talk to industrialist Gautam Adani and Tata Group Chairman N Chandrasekaran. During this, there will be discussion on increasing trade and investment between the two countries.
Understand Rubia’s Jamnagar visit in 5 points
1. Diesel prices sky high in America, pressure before elections
Midterm elections are going to be held in America in the coming November and diesel prices have increased a lot there. According to Arpit Chaturvedi, South Asia Advisor of strategic firm ‘Teneo’, the Trump administration wants to somehow increase the supply of fuel in the market so that the prices can come down.
2. Jamnagar Refinery can become America’s support
Petrol and diesel are exported to foreign countries on a large scale from Reliance’s refinery in Jamnagar, Gujarat. Arpit Chaturvedi says that this export potential of Jamnagar can prove to be very beneficial for America. America is looking at the option of purchasing refined products like diesel from there.
3. Strong relations between Mukesh Ambani and Trump administration
In March this year, President Donald Trump had thanked Reliance for investing in the first new refinery project in America in the last 50 years. Outside the US, Reliance has also become the second largest company to buy crude oil from Venezuela.
4. Connection of new refinery and midterm elections in Texas
According to Atman Trivedi, partner at Washington consulting firm ‘DGA Allbright Stonebridge Group’, through his visit, Rubio will highlight Reliance’s plans for a new and bigger refinery in Texas. Texas currently remains the main center of American midterm election politics.
5. Jamnagar is the world’s largest refinery.
According to Reliance, Jamnagar Refinery is the world’s largest and most modern refinery built at a single site. It has the capacity to process 14 lakh barrels of crude oil every day.
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