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Address:No.1825 Hualong Road,Jinan,China
Office:+86-0531-88662626
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products
GBL (gamma-Butyrolactone)
products
99.9% GBL 500 ML            $ 140.00
99.9% GBL 1   Liter            $ 170.00
99.9% GBL 2   Liter              $ 270.00
99.9% GBL 3   Liter              $ 370.00
99.9% GBL 5   Liter              $ 520.00
99.9% GBL 10 Liter             $ 800.00
99.9% GBL 15 Liter             $ 895.00
99.9% GBL 20 Liter             $ 965.00
99.9% GBL 30 Liter             $ 1075.00
99.9% GBL 50 Liter             $ 1557.00
N-Methylpyrrolidone
N-Ethylpyrrolidone
α-Pyrrolidone
α-Acetyl -γ-Butyrrolactone
news
Margin squeeze to hit Reliance; ONGC profit to rise

2013-1-16 8:57:05
Margin squeeze to hit Reliance; ONGC profit to rise
Chemical News Margin squeeze to hit Reliance; ONGC profit to risehttp://www.yunxiangchem.com   Apr 23,2009 reuters MUMBAI, April 22 - Indias largest energy group,Reliance Industries Ltd (RELI.BO), is expected to report asecond consecutive drop in quarterly profit as the globaleconomic crisis squeezed demand and shrank refining margins. Reliance, valued at $54 billion, should show significantgrowth in coming quarters from gas sales it started pumpingthis month from its deep-sea field off Indias east coast. By the year-end gas output from the Krishna-Godavari Basinis expected to reach a peak production of 80 million standardcubic metres a day -- a level the upstream regulator has saidcan be sustained for six years. [ID:nDEL327402] [ID:nDEL459719] "The major value driver going ahead for Reliance is the E&P(exploration and production) business," said Deepak Pareek, ananalyst at Angel Broking, adding the gas sales from the Bay ofBengal field would boost revenue and earnings. "They have started exploration in prospective blocksrecently. So, any new discoveries could lead to reserveaccretion and in turn boost the valuation of the company," hesaid. Reliance will also benefit from a new 580,000 barrels perday (bpd) refinery, built by unit Reliance Petroleum (RPET.BO),which was commissioned last December. The company is in theprocess of absorbing the subsidiary, in which it owns 70percent. Last week, the company surrendered export status and taxbreaks on its old 660,000 bpd refinery due to a global slump indemand, freeing it up to sell petrol and diesel in its homemarket and to local state marketing companies. Its refining margins are expected to have fallen to $8-$12a barrel in the March quarter from $15.5 a year earlier,tracking the decline in Asias benchmark Dubai crack margin. The Asian benchmark Dubai crack marginaveraged $5.6 per barrel in the quarter versus $7 a year ago,data from Thomson Reuters showed. Reliances refining margins are higher than the Asianbenchmark as its refinery is capable of processing cheaperheavy crude to produce high value products. January-March net profit is expected to have dropped nearly8 percent from a year ago, after dropping 9.8 percent inOctober-December.  
Margin squeeze to hit Reliance; ONGC profit to rise
Author:Jinan Yunxiang Chemical Co., Ltd.
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