Bharat Petroleum Corp (BPCL) intends to export 35,000 tonne of low aromatic naphtha for July 5-8 loading from Kochi. For this purpose, the state-run oil marketing company (OMC) has issued tender and invited bids from traders till June 11. Meanwhile, the firm is in the process of importing gasoline
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Tag: naptha
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BPCL to export naptha
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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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IOC says Paradip project attains 90% progress
MM Vijaywargiya, Executive Director of Indian Oil Corporation (IOC) informed reporters that the Paradip Refinery Project (PDRP) achieved about 90 per cent progress so far and is expected to be commissioned in phases from September, 2013. Once commissioned, the refinery could produce 5.97 mn t diesel, 3.4 mn t petrol, 1.45 mn t kerosene, 536,