With effect from September 18, state-owned Indian Oil Corp. plans to shut half of its 240,000 bpd Panipat refinery for three weeks for maintenance. The state oil company will shut down a 6 mln tons crude unit as well some secondary units.
The temporary closure will considerably affect naphtha exports for October. This move will reduce the already lower naphtha production in Haryana where it is processed for gasoline production to serve local markets.
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