News & Bulletin Updates

8Urea
8Rock phosphate
8DAP
8Sulphur
As per our import data for fertilizers, these are the main items of imports

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IOC's Paradip is a large refinery
8And around 1.72 million tonnes of crude is lined up
8And the crude is sourced from:
 -- Qua Iboe
 -- Basrah
 -- Zirku Island
 -- Ras Tanura
 -- Angola
 -- Agmami

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OIL has received a good set of bids for its five 2000 tonne onland drilling rig contract.
8The technical bids were opened

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Petronet LNG has a large capex plan
8And we have a fairly detailed break-up
8Also, what did Sri Lanka asked for that forced PLL to drop its plans
8What kind of slope to Brent is it looking at when it comes to future sourcing deals?
8Why has PLL dropped all its overseas plans?
Find out more

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Under intense pressure from the government, ONGC seems to have finally turned around now, and to begin with, has sought "technical" assistance to enhance the life of most of its North Eastern assets.
8Help has also been sought for newly acquired assets
8What is of greater interest is that OIL and ONGC are collaborating to offer joint assets for such assistance
8The company has now admitted that ONGC would expect to "go along with the prospective partners towards realizing the value of these resources"
8From ideating to actual implementation, it is still a long way off, but the process has begun
8Hopefully, this new initiative will not fizzle out like similar ones in the past

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Existing gas pipelines will eventually have to push a mix of hydrogen and gas, as regulations harden
8Attempts to decarbonize gas has already begun
8A 10-year deadline has started ticking already

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8Nayara is looking for dedicated domestic gas supplies for its refinery complex
8Domestic gas is cheaper than any other source of energy at the moment

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Some updates on Petronet LNG:
8New domestic gas can impact spot and short-term LNG volumes  but eventually gas demand will be much higher (70-90mmtpa in CY30 vs. 46mmtpa now). Meanwhile, the company says that the gas ceiling is expected to go up to USD5-6/mmbtu in the next revision for offshore gas.
8One of Kochi's primary customer, FACT, is cannot operate at a rate higher than $ 8/mmbtu whereas spot is at $10/mmbtu
8The use or pay was invoked on tolling customers, where 2 out of 3 have not paid but as per contracts are liable. Discussions are on, and will be resolved shortly, maybe by this quarter.
81,200 kms radius of virtual pipeline can be set and economics is favorable. LNG is 25-40% cheaper than diesel. Initially, payback will be longer (less than 5 years in steady state) and offtake low but market will develop. 50 stations are inaugurated. PLNG targets 3.5mmtpa volumes by CY30.

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8There seems to be a big problem with the supply of LNG to FACT from the Kochi terminal
Find out what

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8Fertilizer Ministry assures IFFCO of land to set up the urea plant
8Know more

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8Scientists have developed an environmentally friendly process that could drive the future production of green ammonia

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The global fertilizer market is highly marked up
8What is causing this?
8And where will all this lead to?

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Coal based Ammonia-Urea & Coal Handling Plant Greenfield Project
8Cost - Rs 7484 crore
The company is in the initial stages and an internal team is in the process of being set up. There is technology selection to be done, and it claims that all of this will be set into motion within three months.
NPK-SSP & Sulphuric Acid Expansion Project
8Cost - Rs 15 crore

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8A two-company combine is bringing in a cargo of LAB
8This 7650 tonne cargo is coming from Al Jubail

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Jun 14, 2021: CBFS cargo coming in

8A big cargo of CBFS is coming in
8Find out the cargo weight

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8A huge cargo of molasses cargo is arriving at JNPT
8Tonnage: 31000 tonnes

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8A cargo fo EDC is expected on June 26
815000 tonnes is the cargo weight

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8A shipment of epichlorohydrin is up ahead
8Find out the arrival date

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8A shipment of exxal 9S is expected today
8Payal Polyplast is importing it

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8Aegis is bringing in a cargo of ethyl alcohol
8The material is sourced from Galveston

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8Various is importing a cargo of DEA
8Find out the landing port

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8A methanol shipment is berthing at Mundra
8BK Sales is importing it

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On June 14, 2021, the Kolkata market witnessed a rise in styrene monomer prices.

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Prices for IPA were quoted lower in the Mumbai market today.

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The international crude oil price of Indian Basket was quoted at around $71.42 per barrel on June 14, 2021. This was higher than the price of $71 per barrel on June 12, 2021.

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