8Oil India has awarded a rig contract

8It looks like the plat to build a mega refinery by the private sector trio of IOC, BPCL and HPCL going to stay stalled
Find out what the immediate reasons for it

8Project Name: Dharwad District City Gas Distribution
8Project Cost: Rs 350 crore

8Project Name: Daman District City Gas Distribution
8Project Cost: Rs 250 crore

NPK Pilot Plant Greenfield Project
8Cost: Rs 90 crore
8Project Event: RFQ for the equipment & services is likely to be released in Q1 FY 2022-2023. The Pilot Plan is still in the progress at the Company’s R&D department. Based on inputs from the R&D department, the development of a pilot plant shall be taken up.
SSP Greenfield Project
8Cost:  Rs 48 Crore
8Project Event: The company has acquired land admeasuring 210377 Sq. Mts. (51.98 Acre) from Maharashtra Industrial Development Corporation (MIDC), Nardana Industrial Area, Dhule District. RFQ for the Local Contractor is likely to be released in Q1 FY 2022-2023.

8The de-clogging of the Mundra terminal is now running into fresh hurdles

8Gas markets are in a frenzy
8And this is not something that will cool down soon

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8Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows.

8Mukesh Ambani and Gautam Adani tiptoed around each other for years to reach the top two rungs of Asia’s wealth ladder. While one of them built an empire in telecom and retail, the other established a lock on transport and energy distribution.

8Energy hungry India is being targeted for purchasing Russian oil to meet its growing demand but fact remains that Europe and parts of Asia are bigger importers of Russian oil and gas even to this date.

8Oil futures extended gains on Tuesday morning on news that some European Union members are considering imposing sanctions on Russian oil and as attacks on Saudi oil facilities sent jitters through the market.

On March 24, 2022, the Mumbai market witnessed a rise in benzene prices.

A significant fall in MEK prices was noticed in Mumbai today. 

A fall in C9 solvent prices in the domestic market of Delhi was noticed on March 24, 2022.

On March 24, 2022, styrene monomer prices were assessed lower in Delhi.

BAM prices in the Hazira market have fallen sharply.

Petrochem sources confirmed that NPG prices have slipped in the Mumbai market.

Petrochem sources have reported a fall in acrylic acid prices in the Delhi market.

Tight regional product avails and improved buying sentiments have raised caprolactam prices in the Mumbai chemical market. 

Diisononyl phthalate prices saw a rise in the domestic market of Mumbai today.

Triethanolamine prices have moved up in the chemical market of Ahmedabad.

Trichloroethylene recovered in the imported market of Delhi.

Petrochem sources reported a revision in liquid chlorine prices in Ahmedabad today.

Domestic market sources have reported a rise in Delhi’s dichloromethane prices today.