'Reliance Industries offers to sell diesel'

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New Delhi, Sep 29: Reliance Industries Ltd is willing to sell diesel from its Jamnagar refinery to state-run oil marketing companies provided the government amends tax rules, Oil Secretary R S Pandey said here on Monday, Sep 29 after a meeting with the company Chairman Mukesh Ambani.

''...the company has offered to sell diesel from the Gujarat's Jamnagar refinery to OMCs...it wants us to remove double taxation,'' Mr Pandey told reporters here. Gas production from Reliance's eastern offshore Krishna-Godavari basin D6 block is likely to begin by December-end, with peak output expected to be 80 million standard cubic meters per day, which is nealry double of domestic gas output.

The company's upcoming only-for-exports 5,80,000 barrels per day refinery at Jamnagar in Gujarat will commence operations before the year-end, Mr Pandey said Mr Ambani had apprised him.

However, no discussion happened between the Secretary and the business tycoon, regarding the legal dispute between RIL and Anil Ambani's Reliance Natural Resources, where the Government had sought to implead itself.


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