Reliance expands fuel exports to Africa, Europe amid West Asia supply disruptions
India, Nov. 1 -- Reliance Industries has expanded fuel exports to Africa, the Mediterranean and other European markets, capitalising on supply disruptions caused by the ongoing conflict in West Asia.
The shift has helped the company increase its market share in these regions by around 50%, according to its September-quarter financial presentation cited by The Economic Times.
Reliance has also tapped opportunities in Australia, Kenya and Tanzania for premium-grade petrol, while increasing supplies of diesel and aviation turbine fuel (ATF) to Mediterranean markets. The company supplied low-sulphur aviation fuel to South Africa for the first time, opening up another export market.
"We found opportunities in the Mediterranean market becaus...
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