Tag Archives | Gail

Empty promises

The 100-day fever is fast spreading and the Ministry of Chemicals & Fertilisers is the latest casualty. A very bland press release outlining what the ministry plans to achieve over the next three months has come my way. I started reading the release with a great deal of scepticism and was convinced at the end […]

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Getting off the starting block

So the government has finally approved three Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs). Now comes the difficult part. Who is going to undertake mega investments at a time at a time when the global economic outlook is uncertain, demand for key chemicals has crumbled and not many are willing to stick their neck out […]

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New year ushers in new problems

December closed with ominous signs for the industry. Dow Chemical’s proposed commodity petrochemicals joint venture with Petrochemical Industries Co (PIC) was scrapped after strong protests from Kuwaiti opposition leaders who believed that the deal was overpriced at a time when oil prices were falling. This is a major setback for Dow and raises questions about […]

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Aramco for Vizag?

Saudi Aramco is now being talked about as a prospective investor in the Hindustan Petroleum Corp (HPCL) led refinery and petrochemical complex at Visakhapatnam in Andhra Pradesh. Talks are on to bring in Aramco, says HPCL’s chairman in this report in today’s Financial Express. Aramco’s presence would help as it would ensure crude oil supplies […]

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Assam’s mini methanol project

Why is it that state-owned companies refuse to think big? After GAIL (India)’s small cracker it is Assam Petrochemical that has floated a plan for a 165,000 tonnes/year methanol plant in Northeast India. A company source has confirmed that negotiations have started with Oil India Ltd (OIL) and Oil & Natural Gas Corp (ONGC) for […]

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ONGC delays Dahej

This is probably an indication of how difficult it is for Indian public sector companies to put together a petrochemical project. ONGC has announced yet another delay to its cracker complex at Dahej, Gujarat, from mid-2010 to February 2012. The project, which has been in the pipeline for many years, appeared to have gathered speed […]

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Barauni beckons

State-owned IOC and Gail appear to have been drawn into yet another futile petrochemical project by politicians. This time it is in Barauni, Bihar. IOC operates a 6m tonnes/year refinery at Barauni but this is unlikely to yield sufficient feedstock for the project. The ministry for chemicals and fertilisers has therefore asked Gail to develop […]

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New petchem partners

An alliance between Reliance Industries and Gail has been formalised with the signing of an MoU for cooperation in petrochemical projects outside India. The two companies will scout for opportunities and set up a working group to explore naphtha or gas-based investments in the Middle East, Russia and the former Soviet Union. A special purpose […]

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Kakinada revisited

A few months back I had referred to an article in the Indian press which raised doubts on the economic viability of ONGC’s refinery and petrochemicals project at Kakinada, Andhra Pradesh. A few readers have posted comments arguing that the project is good for the local economy and should go ahead. I have no doubts […]

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Gail turns to Qatar

In its quest for advantaged feedstock, Gail (India) must have explored almost every country in this world. The latest is Qatar where the company is looking at setting up an integrated complex jointly with Qatar Petrochemical Co (Qapco). This report talks of Qapco working out the broad contours of an ethane-based 1.9m tonnes/year complex. Interestingly, […]

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