News & Bulletin Updates

8Due to the lacklustre demand from wholesale purchasers, natural rubber prices somewhat decreased today in Kerala's main markets, according to local dealers. Prices in Kerala have been trending slightly downward since Monday.
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8The reference to "Saptarshi” the seven sages who laid the very cornerstone of "Dharma" could not be more appropriate for a budget that prioritizes long-term growth policy to establish the foundation of "Amrit Kaal."
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8The majority of the planned oil and gas projects in Saudi Arabia that are anticipated to start up between 2023 and 2027 will be petrochemical projects, making up around 61% of the total projects.
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8Following the signing of an initial agreement on January 31, the Japanese refiner Idemitsu and the oil producer J-Oil Mills want to collaborate in the manufacture of sustainable aviation fuel (SAF), plastics recycling, and the usage of bio-petrochemical products.
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8In order to improve domestic sourcing of the petrochemical feedstock, India has raised its import tariff on naphtha, according to budget papers made public by the government on 1 February.
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8Find out more about what is in the National Pharmaceutical Pricing Authority's notification dated January 2023 relating to the fixation of the retail price.
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8Since hosting COP27 in November 2022, when multiple agreements to construct green hydrogen and ammonia projects were inked, the Middle East has roared back to life. However, the region is now looking beyond hydrocarbons as well. Could the next regional hydrogen centre be in Egypt?
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8Get the latest rubber prices for Singapore.
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8The Surat-based partnership company engaged in the trading of textile dyes, chemicals, polyester filament yarn, and plastic granules. How is the company doing?
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8The thermoplastic fibre composites made by Covestro will no longer be produced. Additionally, it will stop connected manufacturing at the Markt Bibart location during the year.
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8Leading chemical PET recycling company Revalyu Resources will spend USD 50 million on its first plant in the USA as part of the initial stage of its strategic growth. The company hopes to recycle up to 450,000 pounds of post-consumer plastic bottles every day.
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8As part of its ongoing efforts to fortify its extensive worldwide network of methionine manufacturing facilities, Evonik has spent €25 million in the development and expansion of its methyl mercapto-propionaldehyde (MMP) production plant in Germany.
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8The Budget 2023-34's emphasis on green growth, green hydrogen, and clean energy storage has received the approval of industry titans.
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ONGC chairman Arun Kumar Singh measures are like that of a bull in a China shop.
8He is doing some good work but he needs to tread carefully.
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RIL has postponed its gas auction from the KG Basin block
8When is it due now
8Also, when is incremental production likely to start from the block?
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A court has ruled that arbitrators cannot be imposed on the other party by a public sector company
8The ruling came from an application made in an oil & gas case
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A clutch of gas pipelines are under various stages of construction
8Here is a compilation of their latest commissioning dates
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A new ammonia tankage contract is coming up
8And this will also need a jetty
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8The capital infusion of Rs 30,000 crore for "energy transition" to oil marketing companies has taken everyone in these companies by surprise.
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Sulphuric Acid and Captive Power Unit Expansion Project
8Cost:  300 Crore
8Project Event: The project has elicited environmental clearance, RFQ for the LSTK contractor is likely to be released in March 2023.
SSP-GSSP-NPK-Sulphuric acid Green Field Project
8Cost: 50 Cr.
8Project Event: The proposal for the environment clearance is likely to be elicited at the end of February 2023, The project has been considered for the environmental clearance. RFQ for the LSTK contractor is likely to be released in March 2023.

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Feb 03, 2023: GAIL highlights

Here are some of the highlights from GAIL
80.5 MMTP of LNG would now be available for the domestic market, which was earlier supplied to the international market
8The company sourced 120 mmscm of gas from IGX during the quarter
8The disruption in supply by 9 mmscmd from Gazprom has not been made up
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 POY grade 75D/72F prices were assessed higher in the market of Mumbai.

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