Cheap Venezuelan Crude Could Boost RIL’s EBITDA by Rs 12,600 Crore
Reliance Industries may gain from renewed access to discounted Venezuelan crude oil, potentially increasing refining margins at its Jamnagar refinery. YES Securities estimates that a $1 per barrel rise in blended gross refining margins could add about Rs 4,200 crore annually to EBITDA. Regulatory factors, crude price discounts, and refinery utilization will influence if this opportunity leads to sustained earnings growth and stronger cash flows for investors.
ET Markets··Jamnagar



