Naphtha

ATC inked its first contract to buy Kuwaiti Export Crude (KEC) from KPC this year, three sources with knowledge of the matter said. The company is the trading arm of Saudi Aramco, the state-owned oil company of Saudi Arabia, which is the world's largest oil exporter.

MRPL naphtha sales premium drops to over 1-year low

The Indian refiner sold 35,000 tonnes of naphtha for Nov 10-12 loading from New Mangalore late on Wednesday to oil major BP at premiums of about $6 to $7 a tonne to Middle East quotes on a free-on-board (FOB) basis.

Reliance to increase naphtha exports by 500,000 tonnes in 2017-18

Reliance aims to import 1.3 million tonnes-1.4 million tonnes of ethane in 2017-18, said Vipul Shah, chief operating officer for petrochemicals, Reliance, told reporters.

BPCL likely to increase naphtha supply in 2017

It will likely offer two naphtha cargoes per month from Kochi, compared with the current two cargoes per three months, after the completion of the expansion, one of the sources close to the matter said.

Essar Power to start 500 mw Hazira gas-based plant in 3 months

The Bhander Power-Hazira plant was commissioned in 2006 and commenced full commercial operations in October 2008, but due to high price of the fuel, the company had kept the operations suspended since the past three years.

Essar Oil profit at $244 mn in FY16; enters UK's retail mkt

Essar Oil UK, which owns and operates the Stanlow refinery, on May 23 said its net profit rose over three-fold to USD 244 million in 2015-16, aided by cost optimisation measures

India asks Qatar to lower LNG price to match global slump

India buys 7.5 million tonnes a year of LNG on a long-term 25 year contract, indexed to a moving average of crude oil price.

Finmin promises decision on subsidy sharing soon: Sources

The oil ministry is hopeful that whatever the finance ministry is going to communicate in a day or two will not just entail a decision for Q4 of this fiscal but also the road ahead and what the subsidy sharing mechanism could be in FY16, but obviously only north block decides on a new formula for the next fiscal.

RIL to use US ethane instead of costly naphtha: Edelweiss

Jal Irani, senior vice-president - wholesale capital markets at Edelweiss Financial Services says US ethane will be a substitute for expensive propane and naphtha

Will oil & gas sector get a boost this Budget?

India‘s oil & gas sector, often regarded as the country‘s growth engine, has grown by leaps & bounds over the past one decade, but the quest to reach the top of global league remains a major challenge because of rising under-recoveries and lack of policy impetus.

Govt framing policy for conversion into gas-based urea unit

In order to reduce fertiliser subsidy bill, the government is working on a policy to make all urea fertiliser firms running on naphtha switch to the cleaner and most cost effective natural gas.

Do export refiners Reliance, Essar stand to benefit from Japan's disaster?

The one big worry is the tensions arising out of the MENA region with respect to the political scenario as well as what can happen to crude prices. Jason Feer, Vice President & Singapore Bureau Chief at Argus Media gave CNBC-TV18 his views on where this global political and economic cocktail is headed.