India's Reliance May oil imports down 13.2 pct y/y - trade

lunes 27 de junio de 2016 08:40 GYT
 

NEW DELHI, June 27 (Reuters) - Reliance Industries Ltd, owner of the world's
biggest refining complex, imported 13.2 percent less oil in May compared with a year earlier, as
it shut a crude unit at its 580,000-barrel-per-day (bpd) refinery for three weeks, 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 1.15 million bpd last month, a decline of 4.5 percent from April.
    Last month, Reliance received about 98,700 bpd oil and condensate from Iran after skipping
purchases from Tehran in the previous month. The Indian conglomerate in March resumed purchases
from Tehran after a six-year gap. Reliance is looking for long-term supplies from Iran.
 
    The share of Latin American and African oil in Reliance's overall imports declined in the
first five months of 2016, as the company shifted away from dated-Brent linked oil to Middle
Eastern grades, the data showed. 
    The share of Middle Eastern crude in Reliance's overall imports rose to 59 percent in
January-May 2016 from about 43 percent a year ago, the data showed.
    During the same period, African grades accounted for about 5 percent of the crude purchased,
compared with about 13 percent a year earlier, while the share of Latin American oil slipped to
about 33 percent from 43 percent. 
    Reliance's two advanced refineries in the western India state of Gujarat 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/Countr   May    April   %Change   May    %Change  Jan-May  Jan-May   %Change
       y         2016    2016   mth/mth   2015    yr/yr    2016      2015     yr/yr
 Latin America                                                                      
 Brazil           32.5    34.9     -6.9     0.0       --     31.4      40.9    -23.3
 Colombia          0.0     0.0       --    70.3   -100.0     13.7      42.7    -67.8
 Ecuador           0.0     0.0       --    70.0   -100.0      0.0      21.7   -100.0
 Mexico           69.9     0.0       --   130.2    -46.3     55.8      78.7    -29.1
 Venezuela       201.6   279.0    -27.7   331.6    -39.2    327.9     342.1     -4.2
 TOTAL           304.1   313.9     -3.1   602.1    -49.5    428.8     526.0    -18.5
 Asia                                                                               
 Indonesia        21.7    22.4     -3.2     0.0       --     13.3       0.0       --
 Australia         0.0    38.2   -100.0     0.0       --      7.5       0.0       --
 TOTAL            21.7    60.6    -64.2     0.0       --     20.8       0.0       --
 Middle East                                                                        
 Neutral Zone      0.0     0.0       --    10.4   -100.0      0.0      23.2   -100.0
 Oman              0.0    34.5   -100.0     0.0       --      6.8       0.0       --
 Iran             98.7     0.0       --     0.0       --     38.3       0.0       --
 Iraq            199.0   140.7     41.5    69.5    186.5    189.8      68.7    176.4
 Qatar            47.7    41.1     16.1    66.5    -28.3     73.9      55.0     34.5
 Kuwait            0.0    17.1   -100.0     6.4   -100.0     10.2       1.3    675.2
 Saudi Arabia    316.9   321.9     -1.6   195.7     61.9    351.8     257.6     36.5
 U.A.E.          122.3   160.6    -23.8    34.2    257.8     95.3     113.6    -16.1
 Dubai             0.0     0.0       --     0.0       --      3.3       0.0       --
 TOTAL           784.6   715.8      9.6   382.8    105.0    769.6     519.4     48.2
 C.I.S.                                                                             
 Azerbaijan        0.0    32.8   -100.0     0.0       --      6.5       0.0       --
 Kazakhstan        0.0    22.1   -100.0     0.0       --      4.4       6.4    -31.9
 TOTAL             0.0    55.0   -100.0     0.0       --     10.8       6.4     69.2
 Africa                                                                             
 Nigeria           0.0     0.0       --   217.3   -100.0     18.9      62.3    -69.7
 Angola            0.0     0.0       --    61.1   -100.0      0.0      19.0   -100.0
 Cameroon          0.0     0.0       --     0.0       --      9.1      15.3    -40.1
 Chad              0.0     0.0       --    31.7   -100.0      0.0      13.0   -100.0
 Egypt            17.9    36.6    -51.1    17.7      1.2     25.4      36.9    -31.2
 Gabon             0.0     0.0       --     0.0       --      0.0       2.1   -100.0
 Sudan             0.0     0.0       --     0.0       --      4.1       4.4     -5.1
 Eq. Guinea       20.8    21.4     -3.1     0.0       --      8.5       7.8      8.5
 Algeria           0.0     0.0       --     0.0       --      4.5       0.0       --
 TOTAL            38.7    58.1    -33.4   327.8    -88.2     70.5     160.7    -56.2
 Canada            0.0     0.0       --    10.4   -100.0      0.0       2.1   -100.0
 TOTAL ALL      1149.1  1203.4     -4.5  1323.1    -13.2   1300.5    1214.8      7.1
   
 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 Subhranshu Sahu)