Jet fuel produced at the Reliance Refinery in Jamnagar from American and Mexican crude oil is of Indian-origin for the purpose of procurement by the US government, a federal agency has determined.
As such Long Beach, California-based Anoi Inc, which produces a specific kind of jet fuel, identified as J5, to be sold to the US Defense Logistics Agency, would now require waiver from the current “Buy American” restrictions.
In a federal notification, the US Customs and Border Protection overruled the request by Anoi Inc that the jet fuel being produced by it at Reliance Refinery in Jamnagar, Gujarat, be considered to be of US and Mexican origin, which was the source of the petroleum crude oil.
The notification would be issued on December 3.
At the refinery, Anoi Inc said in its application that “there will be a ‘one-step’ transformation of crude to straight-run distillate.” Read more
Latest posts by The Economic Times (see all)
- Coal India on Rs 10,000 crore equipment buying spree - May 23, 2019
- Sterlite expects to reopen Tuticorin plant in next few months - May 22, 2019
- After growing 3 times in 5 years these 3 stocks are slipping on oil - May 22, 2019