Indian Oil runs Panipat naphtha cracker at 95-100%

12 September 2012 11:45  [Source: ICIS news]

SINGAPORE (ICIS)--State-owned Indian Oil is currently operating its 857,000 tonne/year naphtha cracker in Panipat at 95-100% capacity and plans to maintain this level of operations for September, a company official said on Wednesday.

“We are running the naphtha cracker at 95-100% capacity and we have no spot ethylene cargoes available for sales because of our captive requirements,” he said.

There are no plans for cracker turnaround, he added.

Naphtha prices in Asia rose by $1.50/tonne (€1.17/tonne) from Tuesday to $1,013.50-1,015.50/tonne CFR (cost & freight) Japan on Wednesday, according to ICIS data.

($1 = 0.78)

By: Helen Lee
+65 6780 4359

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