Reliance BP Mobility Limited ( d/b/a Jio-bp), is an Indian

oil and gas A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geologi ...

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members ...

, owned by Mukesh Ambani of Reliance Industries Limited (RIL). It is based in Navi Mumbai,

Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. It is vertically integrated and is involved in hydrocarbon exploration, production, refining and also has interests in the downstream business and operates over 1700 Retail Fuel Outlets in India. It also operates the largest oil refinery in the world, situated in Jamnagar. It owns/have long term chartered two oil rigs – DD KG-1 and DD KG-2 (DD standing for Dhirubhai Deepwater). They are both drilling ships registered in

Marshall Islands The Marshall Islands, officially the Republic of the Marshall Islands, is an island country west of the International Date Line and north of the equator in the Micronesia region of the Northwestern Pacific Ocean. The territory consists of 29 c ...

and owned by Deepwater Pacific Inc., a subsidiary of Transocean.

Jamnagar Refinery

With an annual crude processing capacity of per stream day, RPL is the largest refinery in the world. It will have a complexity of 21.0, using the Nelson Complexity Index, ranking it one of the highest in the sector. The

polypropylene Polypropylene (PP), also known as polypropene, is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer Propene, propylene. Polypropylene belongs to the group of polyolefin ...

plant will have a capacity to produce 0.9 million metric tonnes per annum. The refinery project is being implemented at a capital cost of

crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

being funded through a mix of equity and debt. This represents a capital cost of less than per barrel per day and compares very favourably with the average capital cost of new refineries announced in recent years. The

International Energy Agency The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization, established in 1974, that provides policy recommendations, analysis and data on the global energy sector. The 31 member countries and 13 associatio ...

(IEA) estimates the average capital cost of new refinery in the

OECD The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, wor ...

nations to be in the region of to per barrel per day. The low capital cost of RPL becomes even more attractive when adjusted for high complexity of the refinery.

Controversies

In 2012, reports surfaced in the media highlighting the fact that ONGC had chartered an oil rig owned by RIL in May 2009 (Dhirubhai Deepwater KG-1, also known as DDKG-1) without taking bids from any other companies. This was revealed in the report published by the Comptroller and Auditor General of India (CAG), the overseer of expenditures of the Indian Government. RIL also owed ONGC ₹92,000 crores, which were already overdue by two years at that time. However, as of 2018, this outstanding amount was still not paid to ONGC by RIL.

References

External links

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jio bp petrol pump dealership
{{Energy companies and organisations in India Oil and gas companies of India Companies based in Ahmedabad Energy companies established in 2008 Reliance Industries subsidiaries Reliance Industries Indian companies established in 2008 2008 establishments in Gujarat