Reliance plans to aim Jamnagar's spigots westward, at the U.S. and Europe, where it's too expensive and politically difficult to build new refineries. Chevron is a 5% investor in the expanded refinery, which will be sophisticated enough to turn harder-to-process heavy crude into fuels that meet the highest environmental standards. The bulked-up Jamnagar will be able to move markets: Singapore traders expect a drop in fuel prices as soon as it's going full tilt.
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