India's Reliance cuts spot naphtha supply on refinery turnaround

06 March 2014 10:58  [Source: ICIS news]

SINGAPORE (ICIS)--India's Reliance Industries Ltd (RIL) is cutting back on spot naphtha exports owing to an impending turnaround at its refinery, traders said on Thursday.

The export-oriented refiner will be shutting a crude unit at its Jamnagar-based 660,000 bbbl/day refinery for regular turnaround starting from 22 March, they said.

The maintenance will last until 10 April, traders said.

Meanwhile, RIL's naphtha exports have already declined in recent weeks as much of the supply has been diverted to the gasoline blending pool, they said.

In its last spot transaction, Reliance sold a 55,000-tonne naphtha cargo for first-half March loading, traders said.

RIL also operates another refinery with a 580,000 bbl/day capacity at the same site. 

Additional reporting by James Dennis​

By: Felicia Loo

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