Entries from India Chemicals Blog tagged with 'refining'
Double trouble
It's a double whammy for Reliance Industries. Not only have petrochemical margins dwindled but gross refining margins (GRM) have also fallen sharply in the last two months. One report suggests that the company recorded negative refining margins in October and...
Paradip petchems postponed
After years of planning and crossing many hurdles IOC has now decided to defer the petrochemical portion of its Paradip project. The decision comes at a time when the company is struggling to cope with huge losses on account of...
Another one bites the dust?
Yet another project appears to be fallen through. This time it is Chennai Petroleum Corp's (CPCL) refining and petrochemicals venture at Ennore in Tamil Nadu. Indian Oil Corp's (IOC) chairman Sarthuk Behuria said in a press conference yesterday that the...
Ask for more!
Indian managers looking for job opportunities in the Middle East will find this report interesting. A Middle East salary survey carried out by bayt.com (a Middle East-based jobs website) shows that while salaries rose by 12-17% last year, the cost...
Reliance plans EPC venture
After cracking the world of oil, gas, refining and petrochemicals Reliance Industries is setting its sights on the engineering, procurement and services (EPC) sector says this report in today’s Economic Times. A blueprint for a global EPC business is said...
IOC invited to Nayachar
I have found the answer to my question in last week’s posting on the proposed chemical hub at Nayachar, West Bengal. I had wondered which public sector company would be targeted by the West Bengal government for investment at Nayachar....
IOC eyes Egypt
Indian Oil Corp (IOC) is the latest entrant to Egypt. The country’s oil minister has said that talks are on for a $9bn refinery and petrochemical complex. A feasibility study is likely to be ready by mid-2010 after which IOC...
Preparing for the future
I am back from the first Asian Chemical and Petrochemical Conference with lots of information on the Indian chemicals industry that I plan to share in the coming days. The conference, jointly organised by ICIS and the Indian Chemical Council...
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