1/26/2010

Reliance Industries, India's top refiner and petrochemicals producer, has reported its first profit increase in five quarters after the Indian government allowed it to ramp up gas production. "We expect refining margins to improve if crude-oil prices remain at the current levels," an analyst for Globe Capital said. Reliance's results will serve as a performance measure for other petrochem majors such as BASF and Dow Chemical.

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