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Nayara Energy hopes to operate its refinery in Western India at full rates in 2021

October 19/2021

MOSCOW (MRC) -- India's Nayara Energy hopes to operate its 400,000 barrels per day (bpd) refinery in western India at close to 100% capacity in 2021 as fuel demand is picking up, according to Hydrocarbonprocessing with reference to Chief Executive Alois Virag's statement at APPEC 2021 conference.

Nayara, part owned by Russian oil major Rosneft, cut rates at its Vadinar refinery in Gujarat state last year.

India's fuel demand is likely to rise by 9%-11% as the economy in India is "steered towards higher growth" after the easing of the second wave of COVID-19, he said.

As MRC reported earlier, PKN Orlen (Plock, Poland), the countrys largest petrochemicals producer, will receive 3.6 million tons of crude oil per year from Russias Rosneft under a new two-year supply contract signed in March, 2021. Rosneft suspended oil deliveries to Poland in February after failing to agree on new contract terms with PKN Orlen when the previous agreement expired on January 31. The previous deal had envisaged deliveries of 5.4 million to 6.6 million tons a year.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.
Author:Margaret Volkova
Tags:crude and gaz condensate, propylene, ethylene, petrochemistry, Rosneft, PKN Orlen, India, Poland, Russia.
Category:General News
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