Oil and Natural Gas Corp. (ONGC) plans to lift force majeure and resume naphtha exports from the Hazira gas unit in western India. The unit was shuttered after floods forced the complex to shut down last month.
ONGC will lift force majeure on naphtha cargoes to be shipped international trading firm Glencore, Malaysia's Petronas and Swiss-based trading house Vitol. These were due for delivery in August, but force majeure was declared after flood waters entered Hazira. The plant's closure is calculated to have cost ONGC 210 million rupees (US$4.56 million) a day.
14-Sep-06 
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