ru
en

cn
pt

Radio online
Radio online
Live
Индия
29 January
Technology

Nayara Energy Limited Plans to Come into the Indian Petrochemical Market

Nayara Energy Limited Plans to Come into the Indian Petrochemical Market

The Indian company Nayara Energy Limited intends to finish construction of its new plants in 2022. They will allow to produce up to 450 thousand tons of polypropylene a year, the management of information policy of PJSC Rosneft has reported.

Nayara Energy Limited owns the second-large private oil refinery in India (capacity 20 million tons per year), an oil storage, a port, and about 5 thousand gas stations. In 2017, Rosneft, together with the consortium of international investors, with participation of Trafigura and UCP, acquired this asset. Today the Russian oil company owns 49.13% of Nayara Energy Limited.

According to Rosneft, the launch of production of polypropylene is the first stage of development of Nayara Energy Limited oil refinery in the Gujarat city of Vadinar. Its cost is roughly estimated as $850 million.

"At present, we conductthe economic assessment of the program, following the results of which,in 2019, the final decision on implementation of the project will be made", Rosneft representatives note.

 Photo: Nayara Energy Limitedwebsite



More on the subject
Россия
06 February
/ Technology
Radio Physicists in Russia are Developing a New Technology for a Portable Glucometer
Индия
06 February
/ Technology
Indian Nanosatellites will be Assembledby Foreign Experts
Индия Россия
13 December
/ Technology
ArkadyDvorkovich Urges Russia and India to Develop Innovative Technologies
Китай Россия
11 December
/ Technology
China is ready to develop digital and innovative technologies with South Ural developers
Индия
07 December
/ Technology
India has launched the largest geostationary communications satellite
Китай
12 November
/ Technology
A digital TV host was invented in China
More news