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NAPHTHA IMPORTS
Haldia to revamp feedstock mix after Mideast war hit supplies, executive saysIn response to disruptions from the Middle East conflict, Haldia Petrochemicals Ltd is set to broaden its feedstock sourcing strategies. Cu...
The most uncertain sector also pays the most to wait. Watchlist for patient investors: 5 stocks with upside potential of up to 25%There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone else is running away from, is not t...
India's August crude oil imports fall over 11% month-on-monthIndia's crude oil imports in August witnessed a significant decline, falling by more than eleven percent compared to July. On an annual bas...
- Hormuz crisis lifts ONGC oil business, squeezes petrochemical unit as feedstock costs surge
The financial landscape for ONGC's petrochemical unit OPaL is alarming, as it faces considerable losses amid skyrocketing naphtha and gas p...
China’s new oil refining technology could cut energy use by 91% — here’s how scientists are turning crude oil into valuable products more efficientlyChinese scientists have developed a new molecular refining method. This technique may significantly reduce energy consumption in oil proces...
India faces higher oil import costs as crude prices surge on West Asia supply risksInternational crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about glo...
Government fixes LPG production targets for refiners, Reliance gets largest shareIndia has set maximum LPG production targets for refineries and upstream companies. This move aims to build a domestic supply buffer after ...
Premiums surge, runs cut as Iran war disrupts naphtha supply to AsiaThe Iran war has severely disrupted Middle East supplies, forcing producers to pay double pre-war rates. This shortage is leading to signif...
India and Taiwan were leading buyers of Russian naphtha in June, LSEG data showsIn June, India and Taiwan emerged as the primary destinations for Russian seaborne naphtha exports, driven by competitive pricing and robus...
Russia replaces UAE as the top naphtha supplier to India in 2024-25Russia has overtaken the UAE as India's leading naphtha supplier. This change is due to discounted prices, with Russia providing more than ...
Russia surpasses UAE as India's top naphtha supplier amid discountsRussia has surpassed the United Arab Emirates as India's top supplier of naphtha, a key petrochemical feedstock, due to discounted Russian ...
Reliance Industries makes rare buy of Russian naphtha, ups fuel oil importsIndia imported about 410,000 tonnes of naphtha, used for making petrochemicals, in Sept-Oct, the Refinitiv data showed. Of this figure, Rel...
Government eases import restrictions for certain chemicals, aviation gasolineAccording to the notification, import of zinc dross is allowed without license. Earlier, a license was required for the imports. It is used...
- HPL stand-off with lenders continue
The stand-off between Haldia Petrochemicals and the consortium of lenders continued as the promoters were yet to commit on the margin money.
- HPL to wait for viability before making further investments
HPL has got a shot in the arm following the waiver of import duty on the naphtha but it will wait for the viability of its unit to be resto...
- Naphtha duty may leave textile companies in knots
Polyester and nylon clothing are set to turn costlier by 2-3%. The imposition of 5% Customs duty on naphtha (an input for manmade fibres) i...
- Excise pain for petro chemical companies
Budget 2008 has made it more difficult for export-oriented units (EOUs) to sell in the domestic market.
- End differential tax on naphtha
Finance minister P Chidambaram could look at doing away with the the present policy of end-use based differential import duty on naphtha in...
- Power from Dabhol to cost state Rs 6.50/unit
Ratnagiri Gas and Power, the new owner of Dabhol power plant, will restart generation in October after a three-month gap, but the cost of p...
- Dabhol power to cost Maharashtra Rs 6.50 per unit
Ratnagiri Gas and Power Pvt Ltd, the new owner of Dabhol power plant, will restart generation in October after a three-month gap, but the c...