UPDATE 2-Reliance's petrol, LPG sales hit by plant problem
(Adds details, quotes)
By Nidhi Verma and Seng Li Peng
NEW DELHI/SINGAPORE, Aug 20 (Reuters) - India's Reliance Industries has delayed export of at least one gasoline cargo and cut liquefied petroleum gas sales due a problem at its fluidised catalytic cracking unit (FCCU), oil trade sources told Reuters on Wednesday.
"Their FCCU is down since August 14 ... and they have said supplies would be less for 15 days," said a source at Indian Oil Corp (IOC.BO: Quote, Profile, Research), which buys LPG for state refiners from Reliance's (RELI.BO: Quote, Profile, Research) 660,000 barrels per day (bpd) refinery.
The 220,000-240,000 bpd FCCU at the Jamnagar refinery in the western state of Gujarat is one of the biggest in the world.
A Reliance spokesman declined comment.
A trade source said Reliance had delayed shipment of at least one gasoline cargo by about seven days due to the glitch.
"There is definitely some problems with the FCCU. They have sold some vacuum gas oil (VGO) in the last few days," said another trader.
VGO serves as the feedstock for producing gasoline and LPG in an FCCU. Continued...
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article





India
US
UK









