Hindustan Petroleum Corp Ltd mulls cancellation of naphtha lot, seeks gasoil after fire

23-May-13
Hindustan Petroleum Corp Ltd is looking to cancel a May naphtha cargo sold to Vitol, as per Economic Times. The moves come after a fire hit HPCL's 8.3 mln tpa Visakhapatnam plant on May 16, prompting it to shut a 3 million tpa (around 60,000 bpd) crude distillation unit. HPCL is aiming to restart the unit by the last week of June. The oil major is also looking to buy up to 30,000 tons of gasoil for the first time in more than 10 months.
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