Venezuela, India agree to build naphtha production unit

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• Chandra Asri to invest US$965 mln over next two years in 3 projects to expand facilities and production

• Ineos Grangemouth refinery and petrochem workers sign up new pension plan, accepts new terms

• Naphtha margin in Asia almost at 10 month high of US$164.65/ton amid brisk demand and tight supply

• Oil eases on news that of US Fed to start scale back bond-buying program next month

• Concord Energy in first time term deal with Qatar's Tasweeq to lift naphtha

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• Chemco and Kandoi form INR 450 Crore Joint Venture to Launch rPET-Based FIBC Bag Manufacturing Facilities in Gujarat

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