Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Trafigura invests USD250M in Nagarjuna oil refinery & storage facilities in India
    édité le 12/04/2012 - Plus de news de "Trafigura" - Voir la fiche entreprise de "Trafigura"


Trafigura invests USD250M in Nagarjuna oil refinery & storage facilities in India
Trafigura Pte Ltd announced the investment of up to USD130 million into a significant equity stake (up to approx. 24%) in the Nagarjuna Oil Corporation Limited (NOCL) oil refinery. The refinery is being constructed at Cuddalore in the State of Tamil Nadu, India. In addition to acquiring an equity stake, Trafigura will invest a further USD120 million into the construction of extensive storage facilities and associated infrastructure at the refinery’s 2,500 acre site.

Trafigura’s investment in the NOCL refinery is the first of its kind for the company, enabling it to create operational efficiencies and to add value to its customers’ supply chains. Geographically, the facility is well positioned to receive crude oil from Trafigura’s international producer partners. The investment also affords the company the ability to participate in India’s domestic market where rising incomes, higher vehicle sales and rapid urbanisation are driving the country’s position as one of the world's fastest-growing major economies.

The refinery to be operated by NOCL will have an annual capacity of six million tonnes. It can process 100% heavy/sour grades of crude and will supply light and middle distillates up to European IV standards. Other partners in the project include TIDCO, a Government of Tamil Nadu enterprise, and Tata Petrodyne, a Tata Group enterprise.

The location of the refinery, on the east coast of India, provides numerous strategic advantages including the ability to receive Very Large Crude Carriers (VLCCs) via a single point mooring. It is also well-positioned to meet the needs of the State of Tamil Nadu which currently has a shortfall in the supply of clean petroleum products.

Commissioning work at the refinery is expected to start this year with commercial operations scheduled to begin during the first half of 2013.

Mr Jonathan Pegler, Director of Oil Asia Pacific said: “This is an important, long-term venture for Trafigura and is an exciting project for all concerned. It plays directly to the strengths of Nagarjuna as a leading process operator and to Trafigura as a company committed to balancing international supply and demand for oil products.

"India is fast emerging as a leading hub for oil refining, with domestic demand rising and an increasing trend towards cleaner refined products. In this context, the NOCL Refinery agreement represents a significant development for us. It also has the support of the Tamil Nadu State Government, which is committed to developing the region’s petrochemical infrastructure. Once fully operational, the refinery will greatly improve the supply of oil products to local retailers.

Mr KS Raju, Chairman of the Nagarjuna Group, welcomed the commitment stating: “This is a significant milestone for Nagarjuna Oil Corporation Ltd (NOCL) as it seeks to complete construction and commissioning of its six million tonne oil refinery at Cuddalore in Tamil Nadu, India. I am excited with this unique partnership which will bring significant value to the company and the State of Tamil Nadu in the years to come.”

To see the Cuddalore refiney site


Origine : Communiqué Trafigura

Voir la fiche entreprise de "Trafigura"



Les dernières news de "Trafigura"

 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom anadarko angola apache australia axens baker-hughes bechtel bg-group bp brazil canada carburant cbi cgg cheniere chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt engie engineering eni equinor equinor exxonmobil feed flng fluor fluxys foster-wheeler fpso france fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge germany gnl gtt gulf-of-mexico guyana hess hydrogen india indonesia inpex iraq italy kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mexico mozambique natural-gas neptune-energy nigeria nigeria north-sea norway novatek offshore oman omv opec pemex petrobras petrofac petronas pgnig pipeline platform poland production qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-arabia saudi-aramco schlumberger seismic selling senegal shale-gas shell socar sonatrach statoil subsea subsea-7 survey technip technipfmc texas total totalenergies tullow turbine uae ufip uk us vopak well wintershall wintershall-dea wood-group woodside



Europétrole © 2003 - 2023