TABLE -India Reliance's July crude imports up 12.4 pct y/y- trade

jueves 28 de agosto de 2014 08:34 GYT
 

Aug 28 (Reuters) - India's Reliance Industries, owner of the world's biggest
refining complex, raised oil imports by nearly 12.4 percent in July compared with a year
earlier, tanker arrival data made available to Reuters showed.
    Reliance, which has a diversified crude slate and shifts purchases to maximise revenue,
bought about 1.37 million barrels per day (bpd) of oil in July, an increase of about 3.9 percent
from June, the data showed.
    Reliance's two advanced refineries in western Gujarat state can together process 1.4 million
bpd of oil, about a third of India's overall capacity. The complexity of these plants allows the
refiner to diversify its crude slate continuously by testing new grades, and to improve refining
margins.
    In the first seven months of 2014, the private refiner shipped in about 1.25 million bpd of
oil, an increase of about 2.6 percent from a year ago, the data showed.
    In January-July 2014, Reliance bought about 42.5 percent of its oil needs from Latin America
compared to nearly 46 percent last year, with Venezuela maintaining its position as the top
crude supplier, followed by Saudi Arabia.
    Qatar was the third biggest oil supplier to Reliance, replacing Neutral Zone, a border area
whose production belongs to Saudi Arabia and Kuwait.
    The share of middle eastern crudes in Reliance's overall oil imports in the first seven
months declined to 41.2 percent from about 43.2 a year earlier, while that of African grades
jumped to nearly 14.2 percent from about 10.1 percent a year earlier.
    Following are the details of Reliance's crude and condensate imports in January-July 2014
versus a year earlier, according to the data. Volumes are in 1,000 bpd:
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Region/           July      June      %change    July   %change   Jan-July  Jan-July  %change
Country           2014      2014      mth/mth    2013    yr/yr     2014      2013      yr/yr    
------------------------------------------------------------------------------------------------
 Latam
 Brazil           23.9      22.6       6.0       21.9      9.3     51.3     23.8     115.8
 Colombia          0.0       0.0        --        0.0       --     54.0     46.6      16.0
 Ecuador          67.4      71.5      -5.7        0.0       --     31.4      9.8     220.8
 Mexico           59.9      61.9      -3.3       61.6     -2.8     62.1     62.4      -0.4
 Venezuela       491.8     402.1      22.3      406.3     21.0    331.0    413.3     -19.9
 TOTAL           643.0     558.2      15.2      489.8     31.3    529.8    555.8      -4.7
 Asia
 Australia         0.0       0.0        --       13.6   -100.0      0.0      6.9    -100.0
 TOTAL             0.0       0.0        --       13.6   -100.0      0.0      6.9    -100.0
 Middle East
 Neutral Zone     15.1      36.2    -58.3        77.2    -80.5     69.2    113.9     -39.2
 Oman              4.5       4.5      0.7         0.0       --      4.5      7.3     -38.8
 Iraq             64.2      66.7     -3.7        64.5     -0.4     28.7     76.8     -62.6
 Qatar            53.9      81.4    -33.8       121.2    -55.5    106.6     74.1      43.8
 Kuwait            0.0       0.0       --         0.0       --      0.0      5.0    -100.0
 S. Arabia       234.9     208.0     12.9       250.5     -6.2    223.3    203.2       9.9
 U.A.E.          109.4     164.1    -33.4       101.2      8.1     80.4     43.5      85.0
 Dubai             0.0       0.0       --         0.0       --      0.0      0.0        --
 Yemen             0.0       0.0       --         0.0       --      0.0      0.0        --
 Syria             0.0       0.0       --         0.0       --      0.0      0.0        --
 TOTAL           482.0     560.9    -14.1       614.6    -21.6    512.8    523.6      -2.1
 Europe
 Albania           0.0      20.2   -100.0         0.0       --      5.7      0.0        --
 TOTAL             0.0      20.2   -100.0         0.0       --      5.7      0.0        --
 C.I.S.
 Azerbaijan        0.0       0.0       --         0.0       --      4.7      0.0        --
 Kazakhstan        0.0       0.0       --         0.0       --     13.8      4.6     200.0
 TOTAL             0.0       0.0       --         0.0       --     18.6      4.6     303.2
 Africa
 Nigeria          30.5      30.4      0.1         0.0       --     21.7      3.9     451.4
 Angola           32.2      65.5    -50.8        33.6     -4.0     60.2     38.8      55.1
 Cameroon         43.4       0.0       --         0.0       --     13.0     10.0      30.8
 Chad             32.4       0.0       --         0.0       --      4.7      7.1     -33.1
 Egypt            35.0      18.1     93.7        35.2     -0.4     20.5     36.4     -43.7
 Gabon            40.4       0.0       --        30.8     31.3     14.2     12.8      11.6
 Sudan            20.8      42.2    -50.7         0.0       --     26.0      0.0        --
 Eq. Guinea        8.6      21.5    -59.8         0.0       --     16.0     13.7      16.9
 TOTAL           243.5     177.7     37.0        99.6    144.6    176.4    122.6      43.8
 Canada            0.0       0.0       --         0.0       --      2.1      0.0        --
 -----------------------------------------------------------------------------------------------
 TOTAL ALL      1368.5    1316.9      3.9      1217.5     12.4   1245.3   1213.6       2.6
 -----------------------------------------------------------------------------------------------
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 of 7.2 barrels per tonne, divided by the number
of days. Numbers for previous months have been revised.

 (Reporting by Nidhi Verma; Editing by Anand Basu)