TABLE-India Reliance's Nov crude imports up 18 pct y/y - trade

jueves 18 de diciembre de 2014 08:02 GYT
 

Dec 18 (Reuters) - India's Reliance Industries, owner of the world's biggest
refining complex, shipped in nearly 17.8 percent more oil in November than a year ago and
skipped imports from Iraq for the fourth 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 1.36 million barrels per day (bpd) of oil in November, an increase of about 10.7
percent from October, 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 November, the private refiner made a rare purchase of condensate produced at the Uweinate
and Thamama fields of U.A.E, Brazil's Lula crude and Australia's heavy sweet Vincent oil.
    In the first 11 months of 2014, the private refiner shipped in about 1.25 million bpd of
oil, marginally higher from a year earlier, the data showed.
    In January-November 2014, Reliance bought about 43.3 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.
    U.A.E emerged as the third biggest oil supplier to Reliance, replacing Qatar.
    The share of Middle Eastern crudes in Reliance's overall oil imports in the first 11 months
declined to about 39.6 percent from about 43.2 percent a year earlier, while that of African
grades jumped to nearly 15 percent from about 10.7 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/            Nov       Oct      %change     Nov   %change   Jan-Nov  Jan-Nov   %change
Country           2014      2014      mth/mth    2013    yr/yr     2014      2013      yr/yr    
------------------------------------------------------------------------------------------------
 Latam 
Brazil            59.6     64.1        -7.0      91.6     -34.9      55.8     33.0      69.3
Colombia           0.0     66.3      -100.0      71.7    -100.0      53.3     53.9      -1.1
Ecuador            0.0      0.0          --       0.0        --      26.1      9.1     185.9
Mexico            70.3     56.0        25.4      57.4      22.4      61.2     62.9      -2.8
Venezuela        485.0    318.6        52.3     271.5      78.6     344.3    399.6     -13.8
TOTAL            614.9    505.0        21.8     492.3      24.9     540.7    558.5      -3.2
Asia 
Australia         22.8      0.0          --       0.0        --       2.1      5.9     -65.4
TOTAL             22.8      0.0          --       0.0        --       2.1      5.9     -65.4
Middle East
Neutral zone      35.1     71.2       -50.7     171.1     -79.5      61.8    124.5     -50.4
Oman               0.0      0.0          --       9.1    -100.0       3.6      6.3     -42.2
Iraq               0.0      0.0          --       0.0        --      18.2     78.3     -76.7
Qatar             29.8     67.1       -55.6       0.0        --      86.9     61.8      40.7
Kuwait             0.0      0.0          --       0.0        --       0.0      3.2    -100.0
S. Arabia        259.9    210.5        23.5     193.8      34.1     226.0    197.7      14.3
U.A.E.           234.3    107.8       117.5      37.8     519.8      98.6     58.9      67.4
Yemen              0.0      0.0          --      65.3    -100.0       0.0      5.9    -100.0
TOTAL            559.2    456.6        22.5     477.1      17.2     495.2    536.5      -7.7
Europe
Albania            0.0      0.0          --       0.0        --       3.6      3.7      -2.7
TOTAL              0.0      0.0          --       0.0        --       3.6      3.7      -2.7
C.I.S. 
Azerbaijan         0.0      0.0          --       0.0        --       3.0      0.0        --
Kazakhstan         0.0     31.4      -100.0       0.0        --      14.6      2.9     399.7
TOTAL              0.0     31.4      -100.0       0.0        --      17.6      2.9     502.9
Africa
Nigeria           88.9    121.2       -26.7      64.8      37.2      52.5     16.4     219.5
Angola            33.9     61.2       -44.5      62.8     -46.0      50.0     39.1      27.8
Cameroon           0.0      0.0          --       0.0        --       8.3     10.7     -22.5
Chad               0.0      0.0          --       0.0        --       3.0      4.5     -33.1
Egypt             18.2     52.7       -65.5      36.2     -49.9      26.0     36.1     -27.9
Gabon              0.0      0.0          --       0.0        --      14.7     10.0      46.5
Sudan             21.0      0.0          --       0.0        --      20.2      3.6     464.1
Eq. Guinea         0.0      0.0          --       0.0        --      12.1     10.5      14.8
Libya              0.0      0.0          --      20.5    -100.0       0.0      1.8    -100.0
TOTAL            162.0    235.1       -31.1     184.3     -12.1     186.9    132.8      40.7
Canada             0.0      0.0          --       0.0        --       3.1      0.0        --
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 TOTAL ALL      1358.9   1228.0        10.7    1153.7      17.8    1249.1   1240.4       0.7
 ---------------------------------------------------------------------------------------------
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 Anupama Dwivedi)