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Indian Oil to fully restart Paradip refinery by Saturday

August 21/2020

MOSCOW (MRC) -- Indian Oil Corporation Ltd, the countrys top refiner, will restart all units at its 300,000 barrels per day (bpd) Paradip refinery in Odisha by Saturday, reported Reuters with reference to a government official.

The refinerys maintenance shutdown has been extended by a few days due to shortage of laborers amid the COVID-19 pandemic.

Out of about 1,400 workers and supervisors mobilized for shutdown jobs from outside, less than 400 are there, said Sangram Keshari Mohapatra, the top bureaucrat in the district of Jagatsinghpur, where the refinery is located.

He said only two of the nine major units that had undergone shutdown have started.

Remaining seven are being started in sequence as all are connected and start up will complete over the next two days, Mohapatra told Reuters.

Separately, an IOC official said some secondary units have resumed operations using feedstock available with the plant, while others including the crude unit will start by Saturday.

The company did not immediately respond to a Reuters request for comment.

As MRC infromed before, Indian Oil Corp will continue to operate its refineries below capacity in 2020/21 as it sees local and overseas fuel demand remaining subdued.

We remind that Indian Oil Corp restarted operation at its naphtha cracker in India in early-October, 2019, after completing maintenance works. The cracker was shut in early-September, 2019 for a maintenance turnaround. Located in Panipat, in the northern Indian state of Haryana, the cracker has an ethylene production capacity of 857,000 mt/year and propylene capacity of 425,000 mt/year.

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, homopolymer PP, propylene, HDPE, ethylene, petrochemistry, Indian Oil Corp, India, Russia.
Category:General News
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