The Jamnagar refinery is a private-sector crude oil factory in the city of Jamnagar located. In the Indian state of Gujarat.
It was commissioned on 14 July 1999, and it is owned by Reliance Industries in Jamnagar, India.
Oil refineries transform crude oil into petroleum products such as petrol, diesel oil, asphalt foundation, heating oil and more.
They have three steps in working: separation, conversion, and treatment.
The huge £4.6bn complex that sits on over 7,500 acres of land has changed India from a net purchaser of petroleum products to a net exporter, bringing many benefits to the country.
The benefits of a country refining oil include energy security, economic growth, and foreign currency earnings. India has exported around £70bn worth of petroleum products, and the Jamnagar refinery employs around 2,500 even having a township on the complex to house them all.
India exports across the world, but most of its products go to the United States and Europe. Of the 27 EU countries, 20 countries, including France, Italy, and Spain, imported refined products from India.
While the Jamnagar refinery is the largest in the world, other large oil refineries include the Paraguana Refinery complex in Venezuela, which consists of the Carbon and Amuay refineries as well. Venezuela is also the country with the largest oil reserves, having more than 300 billion barrels of oil reserves.
SK Energy Ulsan Refinery Complex in South Korea is Korea’s first oil refinery and the third largest in the world. The complex processes up to 840,000 barrels of crude oil a day, making it East Asia’s largest.
South Korea’s Yeosu Refinery and Onsan Refinery are also amongst the eight biggest refineries in the world.
The country’s main destinations for refined petroleum are Australia, Singapore, the United States, Japan and the Philippines, exporting a total of around £25bn worth of products.
