Indian Oil Corp plans to export polymers to Pakistan by surface transport from Panipat

25-Jun-10
State-owned Indian Oil Corp. plans to export polymers into Pakistan by rail or road across the Punjab border, from its plant in Panipat. In an unprecedented move, buyers in Pakistan will be able to take delivery of imported cargoes directly at Lahore, instead of the Karachi, as per Platts. IOC has recently started commercial operations at 600,000 tpa polypropylene plant at Panipat, and is in talks with prospective buyers in Pakistan and Bangladesh. The plant started test runs in April and has been running at 80% capacity since early June. IOC plans to export about 10% of its PP capacity six months after starting commercial operations. Priority offshore PP markets will be neighboring Pakistan, Nepal, Bangladesh and Sri Lanka, although the company also wants to develop a customer base in Southeast Asia, China and Europe.
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