News & Bulletin Updates

Here is a case of a small private sector E&P company making good money out of selling a big stake.
8Hanging on to an E&P asset initially, dressing it up colourfully and offering to investors can be yet another award to E&P operators, over and above good returns by way of ROI on the E&P output itself

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Mar 21, 2022: IEX business rules

8IEX has come out with a comprehensive set of business rules

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The oil & gas sector in Russia has been spared to some extent from punishing western sanctions.
8But they will have an impact
8Get an exact update on what is going to be hit in Russia's oil & gas sector
Also know what is happening on the shipping front because as much as 60% of seaborne crude exports will be removed from the market

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8A new gas sale tender is out
8This one will work on a different set of pricing parameters

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8Expect oil prices to stay above $100/bbl for the foreseeable future
There is now a call to cut the use of crude, as the situation will aggravate in the coming months

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The EU wants to reduce demand for Russian gas by two thirds by end of 2022
8Is that possible at all?
8If so, what are the implications for the LNG market?

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Coal based Ammonia Greenfield Project
8Cost: 1000 Cr.
8Project Event: Invitation for Bid has been released for Contractor on Build on Operate (BOO) basis. The bid due date is 28 April 2022.

Ammonia Storage Tank Greenfield Project
8Cost: 100 Cr.
8Project EventThe RFQ for the ammonia storage tank with associated facilities has been out and the due date is 12 April 2022

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8An NPK/ NPS supply tender is out

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8New tender out for DAP imports

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Mar 21, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia

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8Indian conglomerate Adani Group is exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in the world’s largest oil exporter, people with knowledge of the matter said.

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8After Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) has bought two million barrels of Russian crude oil as Indian refiners stepped up efforts to secure Russian oil available at deep discounts.

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8India on Thursday did not rule out buying discounted crude oil from Russia, saying it looks at all options at all points of time as a major importer of oil.

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8India's oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the world, including heavily sanctioned Russia.

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8A fertilizer scam has been unearthed in Assam prompting the state government to cancel the licences of over 1,200 retailers for allegedly manipulating the sale of fertilizers to farmers.

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Petrochem sources have reported a gain in pine oil prices in the domestic market of Mumbai.

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Diethanolamine prices recorded a significant rise in the Delhi market today.

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2-Ethylhexanol prices have moved up in the chemical market of Ahmedabad.

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On March 21, 2022, molybdenum powder prices were steady in the Mumbai metals  market.

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Petrochem sources have reported significant rise in ferro molybdenum price in the Ahmedabad metal market.

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On March 21, 2022, zinc oxide (99.5%) prices moved higher in the Mumbai market.

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A sharp fall in zinc alloy prices was noticed in Delhi today.

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Silver grade 99.99% prices have climbed higher in Delhi.

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On March 21, 2022, the Delhi market witnessed a rise in gold prices.

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Petrochem sources in Mumbai have reported a huge cut in bright aluminum wire prices.

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