28 August 2012 04:00 [Source: ICIS news]
(adds details in paragraphs 6-8)
Some refinery maintenance will see a reduction in naphtha output in
“The [Indian] refiners are definitely keen to produce more gasoline than naphtha,” said a trader.
Some naphtha is being diverted to the gasoline blending pool, given strong demand for gasoline, traders said.
Higher domestic naphtha requirement in India also sapped export availabilities, traders said.
Its annual naphtha imports should fall to 12m tonnes in 2012, with a 60% share in its total 20m-tonne requirements for the petrochemical feedstock, down from 80% in the previous years. Talks were on with Bharat Petroleum Corp Ltd (BPCL) and Mangalore Refineries and Petrochemicals Ltd (MRPL) for domestic sourcing of naphtha for HPL in view of the weakening Indian rupee.
HPL runs a petrochemical complex in eastern Indian port town of
($1 = €0.80)
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