REFILE-TABLE-India Reliance's Oct crude imports down 10 pct y/y- trade

lunes 24 de noviembre de 2014 09:19 GYT
 

(Removes extraneous word in headline)
    Nov 24 (Reuters) - India's Reliance Industries, owner of the world's biggest
refining complex, shipped in nearly 10 percent less oil in October than a year ago and skip
imports from Iraq for the third straight month, tanker arrival data made available to Reuters
showed.
    Reliance, which has a diversified crude slate and shifts purchases to maximise revenue,
bought about 1.23 million barrels per day (bpd) of oil in October, a decline of about 0.9
percent from September, the data showed.
    The company'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 10 months of 2014, the private refiner shipped in about 1.24 million bpd of
oil, marginally lower from a year earlier, the data showed.
    In January-October 2014, Reliance bought about 43 percent of its oil needs from Latin
America compared with nearly 45 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 10 months
declined to about 40 percent from about 44 percent a year earlier, while that of African grades
jumped to nearly 15 percent from about 10 percent a year earlier.
    Reuters reported in May that Reliance may boost intake of Brent-linked heavier, cheaper
African grades in 2014 and West Texas Intermediate (WTI)-related Latin American oil while
cutting intake of those from the Middle East. 
    Following are the details of Reliance's crude and condensate imports. Volumes are in 1,000
bpd:
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Region/            Oct      Sept      %change     Oct   %change   Jan-Oct  Jan-Oct   %change
Country           2014      2014      mth/mth    2013    yr/yr     2014      2013      yr/yr    
------------------------------------------------------------------------------------------------
 Latam
 Brazil           64.1      64.4       -0.5      82.3    -22.1      55.4     27.2     103.9
 Colombia         66.3     143.2      -53.7      60.4      9.7      58.6     52.1      12.4
 Ecuador           0.0       0.0         --       0.0       --      28.7     10.0     185.9
 Mexico           56.0      56.7       -1.2      67.0    -16.3      60.3     63.5      -5.0
 Venezuela       318.6     272.6       16.9     376.6    -15.4     330.4    412.2     -19.8
 Guatemala         0.0       0.0         --       0.0       --       0.0      0.0        --
 TOTAL           505.0     537.0       -6.0     586.3    -13.9     533.4    565.1      -5.6
 Asia
 Australia         0.0       0.0         --       0.0       --       0.0      6.5    -100.0
 TOTAL             0.0       0.0         --       0.0       --       0.0      6.5    -100.0
 Middle East
 Neutral zone     71.2      32.5      119.1     100.4     -29.1     64.4    119.9     -46.3
 Oman              0.0       9.0     -100.0       0.0        --      4.0      6.0     -33.6
 Iraq              0.0       0.0         --     188.7    -100.0     20.0     86.0     -76.7
 Qatar            67.1      47.2       42.2       0.0        --     92.6     67.9      36.4
 Kuwait            0.0       0.0         --       0.0        --      0.0      3.5    -100.0
 S. Arabia       210.5     210.5        0.0     211.6      -0.5    222.7    198.1      12.4
 U.A.E.          107.8      52.7      104.4      36.4     196.3     85.2     61.0      39.7
 TOTAL           456.6     351.9       29.7     537.0     -15.0    488.8    542.3      -9.9
 Europe
 Albania           0.0       0.0         --       0.0        --      4.0      4.1      -2.7
 TOTAL             0.0       0.0         --       0.0        --      4.0      4.1      -2.7
 C.I.S.
 Azerbaijan        0.0       0.0         --       0.0        --      3.3      0.0        --
 Kazakhstan       31.4       0.0         --       0.0        --     16.0      3.2     399.7
 TOTAL            31.4       0.0         --       0.0        --     19.3      3.2     502.9
 Africa
 Nigeria         121.2     186.0      -34.8      87.6      38.4     49.0     11.7     319.3
 Angola           61.2      34.3       78.5      63.7      -3.9     51.6     36.8      40.3
 Cameroon          0.0       0.0         --      23.5    -100.0      9.1     11.7     -22.5
 Chad              0.0       0.0         --       0.0        --      3.3      4.9     -33.1
 Egypt            52.7      36.3       45.2      35.1      50.2     26.8     36.1     -25.7
 Gabon             0.0      32.1     -100.0       9.7    -100.0     16.2     11.0      46.5
 Sudan             0.0      20.1     -100.0       0.0        --     20.1      3.9     411.3
 Eq. Guinea        0.0      21.6     -100.0      19.8    -100.0     13.3     11.6      14.8
 TOTAL           235.1     330.3      -28.8     239.3      -1.8    189.3    127.8      48.2
 Canada            0.0      19.8     -100.0       0.0        --      3.4      0.0        --
 -------------------------------------------------------------------------------------------
 TOTAL ALL      1228.0    1239.1       -0.9    1362.7      -9.9   1238.3   1249.0      -0.9
 --------------------------------------------------------------------------------------------
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 Prateek Chatterjee)