MOSCOW (MRC) -- India's Nayara Energy Ltd, part-owned by Russian oil major Rosneft, halved its oil imports in September from the previous month, reported Hydrocarbonprocessing with reference to data from the shipping industry and sources, ahead of a major maintenance shutdown at its 400,000 bpd Vadinar refinery in western Gujarat state from early October.
During September the refiner received 187,100 bpd oil, a decline of about 20% from a year earlier, the data showed. Nayara's overall imports in the first three quarters of 2020 averaged about 325,500 bpd, fell by 13.4% from a year earlier period, as the refiner had cut crude processing due to a decline in fuel demand, the data showed. The sources declined to be identified as they were not authorized to speak with the media.
As MRC informed previously, in January, 2020, Thyssenkrupp Industrial Solutions (India) signed a contract with Nayara Energy, under which it will provide project management consultancy (PMC) services for Nayara's new petrochemical project to be built at the site of Nayara's 20-million-t/y Vadinar refinery in India. The USD850-million project, which will mark Nayara's entry into the petrochemical sector, includes a 450,000-t/y propylene recovery unit, a 450,000-t/y Unipol polypropylene (PP) plant, a 200,000-t/y methyl tertiary butyl ether unit and associated off-sites and utility facilities. PCN earlier said the project was expected to be completed in 2022.
Prropylene is the main feedstock for the production of PP.
According to MRC's ScanPlast report, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.
MRC