BPCL’s first export offering from Bina: a 17,000 ton naphtha cargo

06-Mar-12

Bharat Petroleum Corp Ltd (BPCL) has offered a 17,000 ton naphtha cargo for export for the first time from its Bina plant, as per Reuters. The cargo, with a minimum paraffin content of about 65% has been offered for March 24-31 lifting from JNPT port in Mumbai through a tender that closes on March 6. The export offer from the plant comes amid strong demand for naphtha as supplies have been tight. BPCL is expected to have a monthly cargo of 18000-20000 from the Bina plant. BPCL regularly exports naphtha from its own refineries through Mumbai, Kochi and Haldia ports. The land-locked Bina plant started processing crude in mid-2010, but shut down as some secondary units were not ready. The crude unit was commissioned again in January 2011.