Tag Archives | Vishakhapatnam

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 […]

Continue Reading

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 […]

Continue Reading

Reliance pumps oil

It is finally here. After years of waiting and rumours of delays Reliance Industries has finally started pumping oil from its massive KG-D6 block of the Krishna Godavari basin. Initially about 5,000 bbls/day of crude is being pumped out although the plan is to reach 550,000 bbls/day over the next six to eight quarters. While […]

Continue Reading

Projects and protests

I am back from my holiday and have discovered no earthshaking developments in the last few weeks. But the following news articles caught my eye. First, Dow Chemical’s European arm and GACL have agreed on a 50:50 joint venture to produce 200,000 tonnes/year of chloromethanes at Dahej, on the west coast of India. The plant […]

Continue Reading

The more the merrier

Hindustan Petroleum Corp Ltd (HPCL) says it is teaming up with Total and Kuwait Petroleum for a $3bn refinery at Vishakhapatnam which will also be linked to a petrochemicals complex. An aromatics unit may be built ahead of the refinery. The three companies have been discussing the venture for over six months and a deal […]

Continue Reading