Reliance to Invest 13 Billion in Energy Projects Set to Expand Jamnagar

first_imgReliance Industries is gearing up to invest around $13 billion in energy projects, with an aim to boost heavy crude oil refining process in India and beat China and Middle East’s oil production capacity.The company’s Jamnagar Berhampur Refinery in Gujarat, which is also set to be included in this investment, has a capacity of refining 4 lakh barrels of crude oil per day (bpd), according to Reuters.As per the company’s plan, the new refinery will use five single point moorings, two for product shipments and three for crude oil import.”The new refinery will increase Reliance’s appetite for cheap opportunity grades and offer more dollars per barrel of oil processed,” Praveen Kumar at Singapore-based consultancy FACTS Global Energy told the news agency.While the company has not yet declared the details of project, analysts opine that the new refinery is expected to be constructed by the end of 2020.Reliance operates the world’s biggest refining complex in Jamnagar, where its two adjoining units can refine around 1.4 million bpd of oil.In 2013, the company received a nod from the environment ministry to invest ₹773 billion ($12.8 billion) to expand its new refinery and polymer units. The company was allowed to switch the energy capacity for a 450 megawatt.According to documents acquired by Reuters, the environment ministry in its letter to Reliance in May asked to meet certain conditions in order to receive approval for the projects. However, the process was delayed as the documents did not mention a specific date of approval. The company had cast reserves of $13.6 billion by end of June.”It makes perfect sense to go aggressive in their core business of refining,” said Jagannadham Thunuguntla, head of research and chief strategist at SMC Global Securities Ltd. “The company’s balance sheet has enough firepower to finance refining and other businesses like telecom and retail.”India, the world’s fourth largest oil consumer, plans to power its economic growth through focus on manufacturing sector, following Modi’s mantra of ‘Make in India’.Reliance aims to beat China and Middle East crude oil manufacturing companies by expanding its refining plant in Gujarat.”Recently the competitiveness of Jamnagar refining hub is gradually declining due to fast changing global scenario of product demand and stringent fuel quality,” according to a proposal by RTI Act.last_img read more

Dengue spreads in 15 districts 208 infected

first_imgDengue victim 19-year-Old Ukino Nushang was a first-year student at Jahangirnagar University. Photo: CollectedAt least 208 people from 15 districts have been reported to be infected with dengue as the mosquito-borne viral disease continues to infect hundreds of people every day in the capital and elsewhere, reports news agency UNB.In Khulna division, 71 dengue patients were identified in Khulna, Jashore, Jhenaidah, Narail, Kushtia, Meherpur and Bagerhat districts in July.Of them, 24 are being treated at Khulna Medical College Hospital, nine at Khulna City Medical College Hospital and three others at Gazi Medical College in Khulna.Two people reportedly died of dengue so far in the division but the health department said the causes of deaths were not examined properly.Khulna Health Department assistant director Ferdousi Akter said a dengue cell was opened on 3 July.In Chattogram, the number of dengue patients increased in the last two weeks. Chattogram civil surgeon’s office said at least five dengue patients are being hospitalised in the city every day.So far, 49 people were diagnosed with dengue but two-thirds of them had been cured.Civil Surgeon Azizur Rahman Siddiqui said 38 people were infected with dengue between 20 and 26 July.Only three cases were reported in the last six months. On Friday, seven new dengue patients were identified, he said.In Feni, 44 people were admitted to the Sadar Hospital with dengue fever in the last 15 days. Ten of them have been shifted to Dhaka while the Sadar Hospital is treating 21 others, said resident medical officer Abu Taher Patwari.Civil surgeon Neyatuzzaman said patients, who are being treated, were infected during their stay in Dhaka or Chattogram.In Rangpur, 21 people were admitted to Rangpur Medical College Hospital in the last eight days.Acting director of the medical college hospital, Sultan Ahmed, said the patients were out of danger.In Sherpur, three people were diagnosed with dengue.Resident medical officer (RMO) Khairul Kabir Suman said all of them had returned home with heavy fever from Dhaka.In Pirojpur, a dengue patient was hospitalised in Swarupkathi upazila, said Asaduzzaman, RMO of the Upazila Health Complex.It is the only reported case in the district.In Pabna, 12 people were admitted to the Sadar Hospital in the last four days. Most of them recently returned from Dhaka.Nazmul Islam, medicine specialist of Sadar Hospital, said 10 of them were infected with dengue in Dhaka. Besides, two locals were also hospitalised with dengue fever.Civil surgeon Mehedi Iqbal said there is no reason to worry.In Lakshmipur, six dengue cases were reported until Saturday afternoon. A patient was taken to Dhaka Medical College Hospital as his condition deteriorated, said Anwar Hossain, resident medical officer of Lakshmipur Sadar Hospital.In Cox’s Bazar, a young girl died of dengue on Saturday afternoon. Nineteen-year-Old Ukino Nushang was a first-year student of Jahangirnagar University.Md Mohiuddin, caretaker of Cox’s Bazar Sadar Hospital, said she was diagnosed with dengue on Friday night. On Saturday, she was referred to Chittagong Medical College Hospital as her condition deteriorated. She died on the way.No other case of dengue infection was reported in the district, added Mohiuddin.In Chandpur, 18 people have been infected with dengue. Of them, five people were hospitalised on Saturday, said Medical Officer Nazmul Hossain.What is dengue? Dengue, a mosquito-borne viral infection, causes a flu-like illness, and occasionally develops into a potentially lethal complication called severe dengue.Dengue viruses are spread to people through the bite of infected Aedes species mosquitoes. It is estimated that about half of the world’s population is now at risk, according to the World Health Organisation.There is no specific treatment for dengue or severe dengue, but early detection and access to proper medical care lowers fatality rates below 1 per cent.Each year, up to 400 million people are infected with dengue, according to Centres for Disease Control and Prevention (CDC). Approximately 100 million people get sick from infection, and 22,000 die from severe dengue.last_img read more