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Premium on naptha declines in global market

Premium on naptha declines in global market

With many refineries in North Asia scheduled to resume operation following a shutdown for maintenance, premium on naptha has declined in the international market. Industry sources informed that June premiums were weaker than May premiums owing to expectations rise in supply of naptha as refineries resume operation. As an indication of fall in premium, Oil & Natural Gas Corp (ONGC) received a price of about $25 a tonne to Middle East quotes on a free-on-board (FOB) basis when it rece

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A unit of MRPL’s refinery may be closed for maintenance

A unit of MRPL’s refinery may be closed for maintenance

According to source-based information, Mangalore Refinery and Petrochemicals would shut a part of its coastal refinery facility in Karnataka for up to 25 days to conduct maintenance activity. It is learnt that the state-run firm may shut 144,000 barrels per day (bpd) crude unit, which is one of the three units in the coastal refinery, for up to 25 days. CDU II will be s

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AAI spends over Rs 34 cr on non-operational airports

AAI spends over Rs 34 cr on non-operational airports

In the last three years, Airports Authority of India (AAI) has spent over Rs 34 crore on maintenance of 31 non-operational airports in the country. Apart from the 31 non-operational airports, there are 45 defence airports, 83 state government airports and five private air strips lying unused, KC Venugopal, Minister of State in the Ministry of Civil Aviation told the Rajya Sabha last week.

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Aviation sector not satisfied with budget 2013-14

Aviation sector not satisfied with budget 2013-14

CII's National Committee on Civil Aviation expressed dissatisfaction over the Union Budget 2013-14 as it feels that the budget has not done enough to boost the aviation sector. Even as it welcomed the the concessions granted to the MRO (Maintenance, Repair and Overhaul) sector, it noted that MRO industry is "small right now taking the aircraft population into account

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Govt gives concessions to MROs

Govt gives concessions to MROs

The Union Budget offered minor concessions to the MRO - maintenance, repair and overhaul industry as the government has increased the time period for consumption or installation of parts and testing equipments imported for maintenance, repair and MRO of aircrafts by units engaged in such activities form the existing three months to a year.

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RIL to conduct maintenance of Jamnagar unit

RIL to conduct maintenance of Jamnagar unit

Reports indicate that Reliance Industries (RIL) planned to conduct maintenance operation at its newer 580,000 barrels-per-day (bpd) Jamnagar refining complex in January. Consequently, the company plans to close its crude distillation unit and a secondary unit temporarily. The company is planning to shut a 13.5 metric tonne per annum (270

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Airport maintenance gets iffy

Airport maintenance gets iffy

Commercial activities at regional airports have been delayed as the Planning Commission does not agree with the Airports Authority of India's (AAI) view of keeping the airports' terminal building out of the scope of commercial development.