Reliance Industries eyeing diesel exports to Pakistan

October 3rd, 2008 - 8:29 pm ICT by IANS  

New Delhi, Oct 3 (IANS) The Mukesh Ambani-headed Reliance Industries (RIL) is interested in exporting diesel to Pakistan if restrictions are removed, a senior company official said here Friday.In his address at the India Energy conference, P. Raghavendran, RIL’s president (refineries business), described Pakistan as a ‘natural market’ for its petroleum products from its refineries.

“We would like to go there once restrictions are removed,” he said, describing it as a “win-win situation” for both India and Pakistan.

Later, when told diesel had recently been removed from the negative list by the Pakistan government, Raghavendran said: “If it was so, we will certainly be interested in exporting our products.”

Pakistan imports about seven to eight million tonnes of diesel, most of it from Kuwait.

Indian Oil Corp had first mooted exports to Pakistan three years ago. RIL had also started talks with the Pakistan government, but it had not moved forward as Pakistan had continued with its ban on import of diesel from India.

In July, Pakistan introduced a more liberal trade policy for India, bringing 136 items, including diesel, into the positive list.

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