Velan Inc.’s Post

Did you know, the biggest oil refinery in the world is in Gujurat, India. Owned by Reliance Industries, the Jamnagar Refinery became the largest supplier of petroleum products to Europe in 2023, ahead of Saudi Arabia, representing 24% of India's total exports, valued at $30 billion. Apparently Reliance is able to buy imported oil cheaply, refine it, and transport it to Europe more cheaply than Saudi Arabia. The oil industry's supply chains are truly a complex and complicated web of mystery and inefficiency. https://lnkd.in/gSDuPxfb).

# Crude oil production by ONGC (Oil and Natural Gas Corporation) in the nomination block during June 2024 was 1532.4 TMT, which is 4.47% lower than target of the month and 3.90% lower when compared with June 2023 production. Cumulative crude oil production by ONGC during April-June, 2024 was 4702.52 TMT, which is 3.06% lower than the target for the period but 2.91% lower than production during the corresponding period of last year respectively. Reasons for the shortfall in production are as under- #Less than planned Production from Ratna & R series #Cl-II:KG-DWN-98/2:DelayinprojectandOilwellsareproducinglessthanestimated profile #Cluster-7/8: Less oil production than envisaged #Losses due to Sub-optimal performance of Polymer EOR in the North Kadi field, delay in initiation of Linch Polymer flood scheme, liquid decline, and water cut increase in Linch in Mehsana Asset. #Losses due to operational issues like unplanned Power shut down, Flowing Well Falling Sick, liquid decline & water cut increase in Nawagam, Sanand, delay in drilling of new inputs in Hirapur Field & less than envisaged production in Jhalora field in Ahmedabad Asset #Reservoir issues like high water cut & less influx in Geleki, Laplingaon, Lakwa/Lakhmani fields & stoppage of G/L compressor in Laiplingaon due to local issues in Assam Asset. Higher rate of base decline in Lakwa and Geleki fields. Decline in base oil & gas wells due to increase in WC in Charali& Sharp decline in Hatipoti #Water cut increase and production decline in Kesanapalli West wells and post-HF decline in Malleswaram wells in Rajahmundry Asset. Rise in water cut in Gopavaram #Water cut issues and pressure depletion in Pundi field. Water cut increase and well ceasure in Narimanam field. Restriction on drilling operations in under TNPAZ act and non-grant of EC for wells in Ramnad area in Cauvery Asset.

𝐏𝐞𝐭𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 Size, Share & Trends Analysis Report By Type (Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol), By Application (Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028. Petrochemicals Market Size, Share & Trends Analysis Report By Segments, Key Players, Regions Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2028. IMIR Market Research Pvt. Ltd. The report covers various regions including: #NorthAmerica #Europe #AsiaPacific #LatinAmerica #Africa Don't miss out on this opportunity to stay informed about the latest trends in the industry. 📚𝐆𝐞𝐭 𝐀 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:👇https://lnkd.in/dT2Ube5A Al Suwaidi Industrial Services Company Atlantic, Gulf & Pacific Company (AG&P) Axens Axiall, a Westlake Company Calderys Chiripal Industries Limited CITGO DEE Piping Systems Deepak Fertilisers And Petrochemicals Corp. Ltd. DNOW Egyptian Refining Company (ERC) EIED Engro Corp EQUATE Petrochemical Company شركة ايكويت للبتروكيماويات Euro Mechanical Farabi Petrochemicals Harris Pye HEISCO Imperial Oil Indorama Ventures PCL INEOS Grangemouth Infineum JG Summit Olefins Corporation Linde Engineering Lummus Technology Madina WLL Mangalore Refinery & Petrochemicals LTD - India Mitsui Chemicals Group Nalco Champion, An Ecolab Company Oil India Limited :: A Navratna Company ONGC Mangalore Petrochemicals Ltd OPIS, A Dow Jones Company OQ8 Petro Rabigh Petrochemical Industries Co. Petromaint PT Kilang Pertamina Internasional Qatar Chemical Company Resonac #petrochemical #oil #refinery #gas #oilandgas #petroleum #engineering #chemical #industry #pvc #hdpe #polymer #polyethylene #opec #polystyrene #ldpe #polypropylene #olefin #lldpe #process #gpps #offer #eps #crude #hips #petroniyan #pcicc #ureagranular #oilandgasindustry #manufacturing

#NamasteGrowthIndia 1. Project Overview: #Adani #Group's $4 billion #PVC project in Mundra, Gujarat. - #Capacity: Initial phase: 1 million tonnes per annum. - #Timeline: Commissioning by December 2026. 2. #Why #PVC Matters: - Used in raincoats, pipes, medical equipment. - India's #demand exceeds domestic production. 3. Adani's #Strategy: - Petrochemical cluster in Mundra. - Bridging supply-demand gap. 4. #Financials and Progress: - Resumed work after addressing financial concerns. - SBI-led lenders financing. - Environment clearance obtained. 5. #Future Outlook: - India to lead global PVC capacity addition by 2027.

Crude oil production by ONGC (Oil and Natural Gas Corporation) in nomination block during March 2024 was 1634.88 TMT, which is 1.84% higher than the target of the month and 1.31% lower when compared with production of March 2023. Cumulative crude oil production by ONGC during April-March, 2024 was 19210.11 TMT, which is 0.09% lower than the target for the period but 1.45% lower than production during the corresponding period of last year respectively. The reasons for the shortfall in production are under- #Less than planned Production from WO-16. #Only 4 oil wells of KG-DWN-98/2 Cluster-II are put on production due to a delay in the project.   #Losses due to operational issues like abandonment of high-producing OP's and critical Air injectors, faster decline in NK-598 pool of North Kadi field, delay in initiation of Linch Polymer flood scheme, and liquid decline & water cut increase in Lanwa, Jotana in Mehsana Asset.   #Losses due to less number of new inputs in Asset along with other operational issues like unplanned Power shut down, Flowing Well Falling Sick, liquid decline & water cut increase in Nawagam, Sanand, delay in drilling of new inputs in Hirapur Field & less than envisaged production in Jhalora field in Ahmedabad Asset. #Water cut increase and potential decline in Gandhar, Ankleshwar, and Jambusar fields in Ankleshwar Asset.  #Reservoir issues like high water cut & less influx in Geleki, Laplingaon, Lakwa/Lakhmani fields & stoppage of G/L compressor in Laiplingaon due to local issues in Assam Asset. Higher rate of base decline in Lakwa and Geleki fields #Closure of wells for reservoir management and to reduce flaring, EC/FC & DAB issue, and Liquid decline & W/C increase in Khoraghat field in Jorhat Asset. Fewer gains from development wells. 

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Cairn Oil and Gas Launches Nation's Largest Polymer Injection Project, Boosting Oil Recovery by 60% Cairn Oil and Gas has initiated the country’s largest polymer injection project to enhance crude oil recovery from the #Mangala oil field, aiming to increase its production by 60%. This innovative commercial injection technique is set to transform the oil industry in #Rajasthan and beyond. Key Highlights: - Project Launch: Cairn India has embarked on the nation's largest polymer injection project. Objective: Boost crude oil recovery by 60%, tapping into 50% of the oil production potential. - Technique: Implementation of advanced Alkaline Surfactant Polymer (ASP) technology. - Scope: Targets enhanced recovery from the #Mangala oil field, with commercial injection already active on wells 1 and 19. - Global Significance: This project places Rajasthan on the global map as a leader in the use of #cutting_edge oil recovery technology. Industry Impact: - Increased Efficiency: ASP technology is expected to significantly enhance the efficiency and output of oil fields. - Economic Growth: Boosting oil production will contribute to the local and national #economy. - Sustainability: Represents a step forward in sustainable and efficient resource management in the oil sector. This strategic move by Cairn Oil and Gas marks a significant milestone in the Indian oil industry's evolution, promising substantial benefits in terms of production, technology, and economic growth.

India's biggest projects and most advanced refineries by HPCL RAJASTHAN REFINERY LIMITED, is expected to be completed this year in Barmer, Rajasthan. This massive infra project will cater to the rising energy needs of the world's 5th largest economy has been built with an massive investment of $8.9 billion. (News Credit Hindustan Times) This project will produce clean fuels such as BS-VI grade Petrol & BS-VI grade High-Speed Diesel with other petrochemical products. This project is a joint venture (JV) of Hindustan Petroleum Corporation Limited and Rajasthan Government, was incorporated on September 18, 2013 in which HPCL holds 74 per cent stake, while the balance of 26 per cent is held by Rajasthan Government. #bharatat77 #infrastructureprojects #oilandgas #refineryproject #rajasthan #realestate #rajasthan #eigentumrealty #investinbharat #economicgrowth

🚀 Exciting Developments in the Coal-to-Chemical Industry! 🚀 Coal India Limited (CIL) is making significant strides by entering the coal gasification and coal-to-chemical industry through a new joint venture with Bharat Heavy Electricals Limited (BHEL), named Bharat Coal Gasification and Chemicals (BCGCL). 🌟 Key Highlights: Annual Production: 6,60,000 tons of ammonium nitrate from CIL’s coal mines. Location: Lakhanpur area of Mahanadi Coalfields (MCL) in Odisha. Daily Capacity: 2,000 tons of ammonium nitrate. Project Scope: Spanning 350 acres, the project will be executed in four phases. BHEL has secured the tender for crucial components including the coal gasification unit, air separation unit, ash handling plant, coal handling plant, and cooling towers. CIL will supply around 1.3 million tons of coal, primarily from the Vasundhara coal mine. 💰 Investment: The total project cost is estimated at ₹11,782 crore, with ₹1,350 crore allocated for a detailed feasibility report. BCGCL has also issued a second tender for the coal-to-ammonium nitrate project, with subsequent phases to be managed through additional tenders. Packages LSTK-2 and LSTK-3 will handle raw gas purification, ammonia synthesis, and liquid nitrogen storage, while LSTK-4 will focus on nitric acid and ammonium nitrate production. In addition, CIL's collaboration with GAIL aims to establish a coal-to-SNG project in the Sonepur Bazari area of Eastern Coalfields (ECL) in West Bengal, with a detailed feasibility report underway. Exciting times ahead for the industry! Let's stay tuned for more updates. 🌟 #CoalIndustry #Innovation #ChemicalIndustry #IndustrialDevelopment

HPCL Rajasthan Refinery Limited Barmer Refinery is an upcoming public sector refinery and petrochemical complex in the Pachpadra (now Balotra district) of Rajasthan, India. It is owned by HPCL Rajasthan Refinery Limited (HRRL), a joint venture between Hindustan Petroleum Corporation Limited and the Government of Rajasthan. 9 million metric tons refinery Starting Jan next year What are we doing here ? Talks of Hambantota Trinco and expansion of Saogaskanda by many governments Nothing so far