China has been a blessing, we have spent proportionate effort and have received proportionate results.
Most refineries are being planned or built quite far from consuming regions. The eight ships we have now give us a good foundation to expand further.
With our pace of growth it is very difficult for us to rely on our in-house financing, money from our pocket, or simple debt financing, so equity financing is something that is very natural to us with the pace of growth.
Our philosophy is very simple, if there is a piece of business that justifies the means to give us decent returns...then this is a business that we shouldn't miss, whether its $1 billion, $2 billion...or even more.
They (Reliance) have doubled their refining capacity...and they make it very clear, in the very near future India will take on more of these products and their aim is to trade and to export.... and we will be playing a role there.
Our vision is hopefully to see us doubling our equity every five years, this is something we are trying to target.
Copyright © 2024 Electric Goat Media. All Rights Reserved.