RIL may see a dip in its refining margin due to overcapacity world wide. Note that its main RIL Jamnagar Refinery is an Export Oriented Refinery and due price pressure in its petrochemical business, RIL’s refining margins may end up anywhere between $6.6 to $7.4. Compare it with Benchmark Singapore complex refining margin of $3.3/bbl, and the final figure would depend on the margins its new project is able to earn. Contribution of its refining and petrochemical business to its overall business is falling. Continue reading RIL Refining Margin Down Due To Global Overcapacity →