Essar Cuts Gasoline Output after Fault at Reformer
April 17, 2014 2:12 PM EST
Essar Oil(ESRO.NS) has reduced its gasoline output due to a technical problem at a continuous catalytic reformer (CCR), a company spokesman said.
India and Japan are stepping up the pressure for cheaper liquefied natural gas (LNG) with potential joint tenders as two of the world's biggest gas buyers try to ease the pain of high prices and rising demand.
"Yes, there is a technical problem with our CCR. It will take about a fortnight to fix it," he said. "Because of this, our gasoline production will be impacted."
The problem at the reformer would not affect the crude runs at the plant, the spokesman said.
Essar operates a 900,000 tonne-per-year CCR at its 400,000 barrels-per-day Vadinar plant in Western India. A CCR converts naphtha into superior grade gasoline.
Operations at the CCR were hit earlier this week and Essar would have to shut the reformer completely in the next few days for maintenance, said two trade sources.
The refiner has deferred shipment of a 55,000-60,000 tonne 95-octane gasoline cargo that has been sold to BP (BP.L) by "weeks", the sources said.
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