Reliance cancels VGO cargo buy from Nayara on FCC shutdown
NEW DELHI/SINGAPORE (Reuters) - India’s Reliance Industries, operator of the world’s biggest refining complex, has canceled lifting of vacuum gas oil (VGO) cargo from local refiner Nayara Energy due to the shutdown of its gasoline-making unit, three sources said.
Reliance announced that it has shut a gasoline-producing fluid catalytic cracker (FCC) unit in its export-oriented 704 Mbpd refinery. The unit is expected to restart within two weeks, it said.sp
Reliance was to lift 40,000 tonnes of VGO, a feedstock for FCC, from Nayara’s refinery in Vadinar later this month, the sources said.
Reuters on Wednesday reported that Reliance has declared force majeure on gasoline exports from its
A U.S based trade source said Reliance has declared force majeure on 4 gasoline cargoes bound to the United States due to
Reliance’s two refineries at Jamnagar have the capability to process about 1.5 MMbpd oil.
Reliance and Nayara Energy did not respond to a Reuters email seeking comments.
Asia’s gasoline crack fell on Thursday but remained close to its highest level this year due to supply disruptions after Reliance Industries declared force majeure on gasoline supplies the previous day.
Reporting by Nidhi Verma in NEW DELHI, Jessica Jaganathan in SINGAPORE, Additional Reporting by Marianna Parraga in MEXICO; Editing by Alexandra Hudson
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