India's Reliance March oil imports up 22 pct y/y - trade

viernes 29 de abril de 2016 07:38 GYT
 

NEW DELHI, April 29 (Reuters) - Reliance Industries, owner of the world's biggest
refining complex, shipped in 22 percent more oil in March compared with last year, when its
imports were less due to maintenance shutdown of a few units at its 660,000-barrels-per-day
(bpd) refinery, according to tanker arrival data from trade sources and ship-tracking services
on the Thomson Reuters terminal.
    Reliance, which has a diversified crude slate and shifts purchases to maximise revenue,
bought 1.34 million bpd last month, a decline of 13.1 percent from February.
    Last month, Reliance received about 89,000 bpd oil and condensate from Iran, as the Indian
conglomerate resumed purchases from Tehran after a six-year-long gap. Reliance is looking for
long-term supplies from Iran. 
    Share of Latin American and African oil in Reliance's overall imports declined in the first
quarter of 2016, as the company said it shifted sourcing away from dated Brent-linked markets to
Middle East sources, in the last six months of the fiscal year that ended on March 31.
    Share of Middle Eastern crude in Reliance's overall imports rose to about 57 percent in the
first quarter of 2016 from about 46 percent a year ago, the data showed.
    During the same period, African grades accounted for about 6 percent of the crude purchased,
compared with about 10 percent of last year, while Latin American oil's share slipped to about
37 percent from 44 percent. 
    Reliance's two advanced refineries in Gujarat state in western India can together process
1.2 million bpd of oil, or about 26 percent of India's overall capacity.
    Following are the details of Reliance's crude and condensate imports, according to the data.
Volumes are in 1,000 bpd:
   
 Region/Count   March  February  %Change      March  %Change    2016    2015  %Change
 ry              2016      2016  mth/mth       2015  yr/yr                    yr/yr
 LATAM                                                                               
 Brazil          23.2       0.0          --     0.0       --    29.8    30.3     -1.5
 Colombia         0.0       0.0          --     0.0       --    22.9    47.3    -51.5
 Ecuador          0.0       0.0          --     0.0       --     0.0    12.2   -100.0
 Mexico          61.5      72.5       -15.1   123.0    -50.0    67.0    87.2    -23.2
 Venezuela      467.0     432.7         7.9   396.2     17.9   387.0   344.7     12.3
 TOTAL          551.8     505.2         9.2   519.3      6.3   506.7   521.7     -2.9
 ASIA                                                                                
 Indonesia        0.0      23.2      -100.0     0.0       --     7.4     0.0       --
 TOTAL            0.0      23.2      -100.0     0.0       --     7.4     0.0       --
 MIDDLE EAST                                                                         
 Neutral Zone     0.0       0.0          --    18.3   -100.0     0.0    35.3   -100.0
 Iran            89.3       0.0          --     0.0       --    30.4     0.0       --
 Iraq           135.8     280.6       -51.6    33.9    300.2   202.9    57.1    255.5
 Qatar          120.6     143.0       -15.7    57.7    108.9    93.6    52.4     78.5
 Kuwait           0.0       0.0          --     0.0       --    11.5     0.0       --
 S Arabia       346.4     402.1       -13.8   254.6     36.1   373.5   246.9     51.3
 U.A.E.          59.9     108.7       -44.9    96.5    -38.0    64.6   155.3    -58.4
 Dubai            0.0       0.0          --     0.0       --     5.5     0.0       --
 TOTAL          752.0     934.5       -19.5   461.0     63.1   782.0   547.1     42.9
 AFRICA                                                                              
 Nigeria          0.0      33.0      -100.0     0.0       --    31.5    29.7      6.2
 Angola           0.0       0.0          --     0.0       --     0.0    10.8   -100.0
 Cameroon         0.0      24.5      -100.0    21.6   -100.0    15.3    18.0    -15.3
 Chad             0.0       0.0          --    31.8   -100.0     0.0    11.0   -100.0
 Egypt           36.2       0.0          --    35.1      3.2    24.2    31.1    -22.1
 Gabon            0.0       0.0          --     0.0       --     0.0     3.5   -100.0
 Sudan            0.0      21.7      -100.0    21.2   -100.0     6.9     7.3     -5.5
 Eq. Guinea       0.0       0.0          --     9.7   -100.0     0.0     9.9   -100.0
 Algeria          0.0       0.0          --     0.0       --     7.5     0.0       --
 TOTAL           36.2      79.2       -54.3   119.4    -69.7    85.4   121.3    -29.6
 TOTAL ALL     1340.0    1542.0       -13.1  1099.6     21.9  1381.5  1190.1     16.1
 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 Sherry Jacob-Phillips)