(plastemart) -- A fire broke out last
Saturday at Egypt's Nasr Petroleum Company. The company is in the process of
restarting its 146,300 bpd refinery in Suez.
The accident has prompted
EGPC to delay two naphtha shipments, originally scheduled for H2 April, to be
lifted in May and June from Suez port. A third April naphtha cargo was due to be
shipped out last weekend when the fire broke was slightly delayed.
Suez exports about 60,000 to 90,000 tons of naphtha to Asia, this delay in
naphtha shipments is likely to have an impact on the Asian market amid tight
supplies in May du e to limited cargoes from Europe.
According to an
official, the fire started at a warehouse at the refinery, which is operated by
Egyptian General Petroleum Corporation's (EGPC) subsidiary El Nasr Petroleum