NEW DELHI (Reuters) - India’s Haldia Petrochemicals is operating its naphtha cracker at full capacity as fire at a pipeline did not affect throughput, a source familiar with the matter said on Friday.
The fire came a time when naphtha prices have surged following attacks on Saudi’s oil facilities on Saturday.
Haldia operates a naphtha cracker that can produce more than 600,000 tonnes of ethylene a year.
It buys naphtha from Kuwait Petroleum Corp (KPC) and Indian Oil Corp (IOC).
There will be no impact on naphtha cargo purchases from KPC and IOC, the source said.
Reporting by Nidhi Verma; writing by Seng Li Peng; editing by Jason Neely