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High expectations
High expectations
Once the facility is up to speed, 100% of its refined products will be exported, with 40% expected to make their way to the U.S.
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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Last updated April 17 2008: 12:23 PM ET
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