News & Bulletin Updates

Feb 08, 2022: NBR weekly synopsis

8Find out our weekly analysis, price charts and projections on NBR price movements for the coming week

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8The website carries here a weekly outlook on SBR prices
8Find out what our analysts are saying about how prices will behave till next week

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8Two bidders have dropped out of the race for the Haldia petrochemical complex FEED-cum-EPC race at Cuddalore.
8What about the rest?

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There is a huge to-and-fro cost whenever a PNGRB decision is challenged with the appellate authority.
8As the appellate authority does not have the wherewithal, the matter is often assigned back to the PNGRB as it has the wherewithal to make any alternations or provide technical inputs
8It is always necessary to have an appellate authority but a lot of streamlining will be needed for the process to bear fruit

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What is the status on RIL gasifiers and the spinning off the gasifiers into an independent entity?
8We have gathered some more details on this

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The new Ministry of Cooperative is planning to cut some of the cooperatives down to size.
8These reforms are likely to adversely impact current power structures in existing cooperatives, as per a briefing elicited from highly placed sources for this website
8Find out more on what these sweeping changes are, and what kind of impact they will have

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8It looks like Oilex has eventually been able to official own GSPC's stake in the Cambay field
8Get the details here, including a financial analysis of Oilex

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8A work over rig requirement has come up

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

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The IPL urea tender has concluded
8And prices have fallen very sharply indeed
8But this is likely to be a temporary retrieve

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Sulphuric acid Greenfield project
8Cost: 100 Cr.
8Project EventThe RFQ for the LSTK contractor is likely to be released in April 2022 due to a delay in the internal discussion. The company has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions).
GSSP/GBSSP/GZSSP/GPG/BSP/BSG Expansion Project
8Cost: 48 Cr.
8Project EventThe proposal for the term of references has been granted, the final EIA report preparation is still ongoing. Proposal for environmental clearance is likely to be submitted in March 2022. RFQ for the LSTK contractor is likely to be released in April 2022.

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8Brazil’s state-run oil company Petrobras has made a deal to sell its fertilizer plant
8Find out more

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Feb 08, 2022: International News

8Acron Group and Haldor Topsoe have signed a MoU to develop green technologies together
8Know more

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Feb 08, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude
8LNG
8Fertilizers
8LPG
8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates

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8Indian Oil on Monday said Sukla Mistry has taken over as the director for refineries of the company.

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8Reliance Industries Ltd is seeking a minimum of USD 14 for selling natural gas being produced from coal seams in a block in Madhya Pradesh as it looks to cash in on the recent spike in energy prices globally.

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8The HPCL's Visakha Refinery is set for modernisation and expansion at a cost of Rs 26,264 crore. "This is by far a massive industrial project ever in Andhra Pradesh," BJP MP G V L Narasimha Rao said in a statement here on Monday.

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8BHP Group unveiled the world's first liquefied natural gas-fuelled bulk carrier vessel in Singapore on Monday, one of five vessels that the mining giant will take delivery of in 2022 as part of efforts to curb supply chain emissions.

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8The Indian government plans to connect another 6mn low-income households in rural and backward areas to LPG under the second phase of its Pradhan Mantri Ujjwala Yojana (PMUY) scheme, adding to its target of 10mn households announced last year.

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8Fertilisers shares closed lower in the Monday's session.

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On February 8, 2022, Petrochem sources confirmed that MMA prices had risen in the Kandla market.

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On February 8, 2022, VAM prices moved higher in the Ahmedabad market.

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A rise in demand has raised hexane prices at Kandla.

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A fall in the spandex prices was noted in the Mumbai market today.

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High caprolactam prices were recorded at Mumbai today.

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