News & Bulletin Updates

8Get a complete roundup of petrochemical price movement today, across all products and all markets
8Find out which prices have changed

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8Get a complete roundup of chemical price movement today, across all products and all markets
8Find out which prices have changed

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8A new boss in EIL takes charge
8And EIL is now likely to embark on some crucial changes, some already evident

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Even as Vartika Sukhla takes charge, this is one EPCM project where the company got the pricing all wrong today
8Its quote was 2.6 times that of the L-1 bidder
8Then in another EPCM bid, EIL's performance is even worse.
8The new CMD will need to get the pricing right, both for EPCM and future EPC projects, because establishment cost of EIL is higher than its more agile private sector counterparts.
8But, given a nationalistic government in power, will she be able to grab some projects on a nomination basis?

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8A $24 million well completion job was just awarded
8But the bidder had to fight hard to get it

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In the Discovered Small Fields round, a big headache could well be the availability of processing facilities for the oil and gas produced.
8Any spare processing capacity available with OIL or ONGC is subject to adequacy check study of future loads at the existing facilities
8The problem could well be that low production will not justify setting up facilities on one's own, or what is produced will have to ferried further out for processing
8Investors must take note

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An E&P operation does a lot of environmental damage and once a field comes to the end of its life, a money from a Site Restoration Fund (SRF) is utilized to restore the site to its original health
8But the law has been lax so far
8The government has decided to tighten it now

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8EIL and IOCL are jointly licensing a refinery process technology

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Get the latest project updates on the following fertilizer projects
Nano Fertilizer Greenfield Project
8Cost - Rs 119 crore
8LSTK contractor RFQ in Q3, 2021-22
DAP Greenfield Project
8Cost - Rs 200 crore
8Project Event: The proposal for the term of references has been accepted and studies are still ongoing, proposal for the environmental clearance is likely to be submitted in September 2021. The company has applied for the loan, It is likely to be elicited in October 2021. RFQ for the EPC contractor is likely to be released in November 2021

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8Some eyebrows were raised with Zuari's latest DAP deal
8Was it "arranged"?

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8Find out how multiple economic parameters are looking up at the moment

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8DAP and NPK requirement has come up

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8PetroChina, Asia's largest oil and gas producer, said on Tuesday its Dushanzi Petrochemical Company has launched an 8.04 billion yuan ($1.24 billion) ethane-fed ethylene project in China's far western region of Xinjiang.

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8OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, a day ahead of a policy meeting amid U.S. pressure to raise production

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8Crude oil prices on Tuesday fell by Rs 61 to Rs 5,010 per barrel after participants cut their positions

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Get the following import indices for the day
8Weekly fertilizer import data
8Tanker cargoes
8Bulk and dry cargoes
8Port updates

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8Nearly 0.68 million MT of LPG up ahead for delivery at assorted Indian ports
8A total of thirty three shipments to arrive on different dates

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83972 MT of Ammonia to offload at Kakinada tomorrow
8A 3972 MT shipment coming from Mesaieed carried by the vessel Seashine is expected to arrive at Kakinada on 1st September. The consignment will be offloaded and received by Coromandel International

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Sep 01, 2021: Urea shipment data

8483k MT of urea offloaded in India in the last 10 days
The following companies received this shipment:
8NFCC
8Indian Potash Ltd
8GSFC
8IFFCO

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8100k MT of phos acid expected to arrive in India in the coming coming week
 The following companies will receive this shipment:
8GSFC
8Coromandel International
8PPL
8Indorama India

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8Around 9 lakh tonnes of chemical imports are getting tracked
8And we are here to give a forward looking chemical import matrix

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8About 6.02 million tonnes of crude is expected to come in over the next few days
8RIL has lined up roughly 1.06 MMTPA of crude imports into India in the coming days

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Osaka Gas Company has arranged a shipment of LNG for Arcelor Mittal Nippon Steel India from Freeport, coming in via Hazira
8GAIL is also bringing in two cargoes via Hazira, one from Las Laffan and the other from Sabine Pass
8GSPC is getting a full cargo at Mundra on the 16th of September

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8The website carries the matrix for fertilizer imports in the days ahead
8Know where the material is coming from and who is getting it to India

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The coverage extends to:
8Dilute nitric acid
8N propyl acetate
8Trichloromethane
8Isopthalic acid
8TDI
8Epoxy resin
8Diethanolamine
8Pine oil
8Caprolactam among others

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