TABLE-India's Essar buys 18.6 pct more Iranian oil in 2013/14

jueves 17 de abril de 2014 08:41 GYT
 

NEW DELHI, April 17 (Reuters) - Essar Oil, Iran's top Indian client, imported 18.6
percent more oil from Tehran in 2013/14 after a jump in shipment volumes in the final quarter to
end-March, according to tanker arrival data obtained from trade sources and assessed by Thomson
Reuters Oil Analytics.
    The private refiner shipped in about 231,100 barrels per day (bpd) of Iranian crude in
March, its highest monthly shipment since at least January 2011, reflecting a growth of about 90
percent from February and six times more than the volume in March 2013, the data showed.
    The higher volumes in the quarter were probably triggered by an interim deal agreement
Tehran and six world powers in November for a loosening of trade sanctions in exchange for curbs
on Iran's disputed nuclear programme.
    Essar shipped in about 105,700 bpd from Iran in the year to March 31, the data showed,
benefiting from discounts offered by Tehran. 
    On the basis of actual loading from Iran, Essar lifted about 31 percent more oil than the
contracted 80,000 bpd in the last fiscal year, a government source told Reuters.
    Iran accounted for about a third of Essar's total imports of about 3.28 million bpd in the
last fiscal year, compared with 27.6 percent the year before, the data showed.
    The refiner also took a rare shipment of Canadian heavy grade Cold Lake in March, the data
showed.
    Essar officials could not be immediately reached to comment.
    While Essar's imports increased, overall imports of Iranian oil by India, the world's
fourth-biggest oil buyer and Tehran's top client after China, tumbled about a fifth in the
fiscal year that ended in March. 
    Following are details of Essar's crude and condensate imports in March versus a year ago,
according to the data. Volumes are in 1,000 bpd:
  -------------------------------------------------------------------------------------------
 REGION/       MARCH     FEB     %CHG    MARCH     %CHG    JAN-MARCH  JAN-MARCH   %CHG
 COUNTRY        2014    2014   MTH/MTH   2013     YR/YR      2014      2013      YR/YR
 ---------------------------------------------------------------------------------------------
 Latam
 Brazil          0.0    20.1    -100.0    0.0       --      17.5       23.5     -25.4
 Colombia        0.0   132.8    -100.0   69.4   -100.0      47.2       40.3      17.1
 Ecuador         0.0     0.0       --     0.0       --      11.9        8.9      34.3
 Mexico          0.0     0.0       --     0.0       --      23.4       23.6      -1.0
 Venezuela      61.8    70.2    -12.0    62.1     -0.5      64.1       68.8      -6.9
 TOTAL          61.8   223.0    -72.3   131.4    -53.0     164.1      165.1      -0.6
    
 Meast
 Neutral zone    0.0     0.0       --    20.2   -100.0       0.0       13.7    -100.0
 Oman            0.0     0.0       --    32.3   -100.0       0.0       11.1    -100.0
 Iran          231.1   122.3     89.0    32.8    604.3     166.5       67.7     146.0
 Iraq            0.0     0.0       --   129.6   -100.0       0.0       67.7    -100.0
 Qatar           0.0    31.9   -100.0    14.3   -100.0      14.9       24.0     -37.9
 S Arabia        0.0     0.0       --    20.8   -100.0       0.0       19.8    -100.0
 TOTAL         231.1   154.2     49.9   249.9     -7.5     181.4      204.0     -11.1
    
 Africa  
 Egypt           0.0     0.0       --    17.5   -100.0       6.0        6.0       0.0
 Libya           0.0     0.0       --     0.0       --       4.8        0.0        --
 TOTAL           0.0     0.0       --    17.5   -100.0      10.8        6.0      78.7
 
 Canada         17.9     0.0       --     0.0       --       6.2        3.5      75.9
 ------------------------------------------------------------------------------------
 TOTAL ALL     310.8   377.2    -17.6   398.9    -22.1     362.5      378.6      -4.3
 ------------------------------------------------------------------------------------
  NOTE: The total may not tally as numbers in tonnes have been rounded off after converting them
into barrels per day using a conversion factor 7.2 barrels in a tonne divided by the number of
days.

 (Reporting by Nidhi Verma; editing by Jane Baird)