Naphtha exports from India will see a 50% cut in the first part of 2008, as the naphtha will get diverted to being used as a substitute for natural gas supplies affceted by an output problem. Oil and Natural Gas Corp and top refiner Indian Oil Corp will possibly halt naphtha exports for Jan/Feb loading, after ONGC shut a platform at its No.1 gas field for an upgrade. The shutdown has reduced output by around 26% until the unit reopens on January 25.
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Wednesday, January 09, 2008
Naphtha exports from India estimated to dip on increased domestic use
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