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Old 05-12-2008, 08:17 AM
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jinx jinx is offline
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Default India's refinery at full capacity

Wonder why our gas prices are up.....how about sending crude to India to be refined and then sending it back to the US. Why wasn't this built here? Cheap labor? Article at: India Essar Oil says refinery reaches full capacity | Industries | Energy | Reuters

<snip> Bechtel Corp., Houston, Tex., is providing design, procurement, project management and other services. Major U.S. exporters also participating in the project include: Black & Veatch International Co., Kansas City, Mo., for sulfur recovery and gas treatment units; Dow Global Technologies, Inc., Midland, Mich., for licensing and services for the polypropylene plant process; Foster Wheeler Corp., Clinton, N.J., for fired heaters for the refinery's coker; and UOP LLC, Des Plaines, Ill., for the catalytic converter reactor section and PSA (Pressure Swing Absorption) packages. Citibank N.A., New York, N.Y., is the guaranteed lender on the transaction.

"Ex-Im Bank's long and successful relationship with the RIL group of companies, dating back to the early 1980s, has contributed to growth in the dynamic Indian market while helping to create U.S. jobs," said Ex-Im Bank Chairman and President James H. Lambright. "We hope to support future RIL projects in other industrial sectors."

News Release : U.S. Exports to India for $6 Billion Refinery and Petrochemical Complex Are Backed by Ex-Im Bank $500 Million Loan Guarantee - Ex-Im Bank

I am bringing this up as I just heard them bragging on MSNBC that the refinery was at full capacity already. What we hear in the US is that it would take years to get one going.
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