TABLE-India Reliance's Sept crude imports down 5.5 pct y/y- trade

lunes 27 de octubre de 2014 07:06 GYT
 

Oct 27 (Reuters) - India's Reliance Industries, owner of the world's biggest
refining complex, shipped in 5.5 percent less oil in September than a year ago, and made its
first purchase of Canadian oil sand Kearl Blend while continuing to skip imports from Iraq for
the second month, tanker arrival data made available to Reuters showed.
    Reliance, which has a diversified crude slate and shifts purchases to maximise revenue,
bought about 1.24 million barrels per day (bpd) of oil in September, an increase of about 3.3
percent from August, 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 nine months of 2014, the private refiner shipped in about 1.24 million bpd of
oil, marginally higher from a year ago, the data showed.
    In January-September 2014, Reliance bought about 43.3 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 nine
months declined to 39.7 percent from about 44 percent a year earlier, while that of African
grades jumped to nearly 15 percent from about 9.3 percent a year earlier.
    Reuters in May reported 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. 
    The private refiner shipped in Colombia's Castilla grade after a gap of five months and
Canadian oil after seven months. In January, this year Reliance received a parcel of Canadian
heavy oil Cold Lake.
    Following are the details of Reliance's crude and condensate imports in January-September
2014 versus a year earlier, according to the data. Volumes are in 1,000 bpd:
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Region/           Sept       Aug      %change    Sept   %change   Jan-Sept  Jan-Sept  %change
Country           2014      2014      mth/mth    2013    yr/yr     2014      2013      yr/yr    
------------------------------------------------------------------------------------------------
Latam
Brazil            64.4      66.2       -2.7      22.4     187.2      54.4      20.9     160.2
Colombia         143.2       0.0         --     136.7       4.8      57.7      51.2      12.7
Ecuador            0.0      66.4     -100.0       0.0        --      31.9      11.2     185.9
Mexico            56.7      55.6        2.1      69.6     -18.5      60.8      63.1      -3.7
Venezuela        272.6     394.6      -30.9     410.6     -33.6     331.8     416.3     -20.3
TOTAL            537.0     582.8       -7.9     639.4     -16.0     536.6     562.7      -4.6
Asia
Australia          0.0       0.0         --      17.2    -100.0       0.0       7.3    -100.0
TOTAL              0.0       0.0         --      17.2    -100.0       0.0       7.3    -100.0
 
Middle East
Neutral zone      32.5     55.3       -41.3     103.4     -68.6      63.6     122.1     -47.9
Oman               9.0      0.0          --       0.0        --       4.5       6.7     -33.6
Iraq               0.0      0.0          --       0.0        --      22.3      74.4     -70.0
Qatar             47.2     66.1       -28.6      70.9     -33.4      95.5      75.6      26.3
Kuwait             0.0      0.0          --       0.0        --       0.0       3.9    -100.0
S. Arabia        210.5    242.1       -13.0     178.6      17.9     224.1     196.5      14.0
U.A.E             52.7    126.2       -58.2     186.2     -71.7      82.6      63.8      29.5
TOTAL            351.9    489.7       -28.1     539.1     -34.7     492.5     542.9      -9.3
    
Europe
Albania            0.0      0.0          --      20.6    -100.0       4.4       4.5      -2.7
TOTAL              0.0      0.0          --      20.6    -100.0       4.4       4.5      -2.7
 
C.I.S.
Azerbaijan         0.0      0.0          --       0.0        --       3.7       0.0       --
Kazakhstan         0.0     31.4      -100.0       0.0        --      14.3       3.6     299.8
TOTAL              0.0     31.4      -100.0       0.0        --      18.0       3.6     403.0
    
Africa
Nigeria          186.0     30.4      512.6        0.0        --      40.8       3.1    1231.7
Angola            34.3      0.0         --        0.0        --      50.5      33.7      49.7
Cameroon           0.0      0.0         --        0.0        --      10.1      10.4      -2.7
Chad               0.0      0.0         --        0.0        --       3.7       5.5     -33.1
Egypt             36.3     35.0        3.6       54.4     -33.3      23.9      36.2     -34.1
Gabon             32.1     30.0        6.8        0.0        --      18.0      11.2      60.9
Sudan             20.1      0.0         --       39.8     -49.4      22.4       4.4     411.3
Eq. Guinea        21.6      0.0         --        0.0        --      14.8      10.6      39.2
TOTAL            330.3     95.4      246.1       94.2     250.6     184.1     115.1      60.0
Canada            19.8      0.0         --        0.0        --       3.8       0.0        --
 -----------------------------------------------------------------------------------------------
 TOTAL ALL      1239.1     1199.4      3.3     1310.6     -5.5     1239.4    1236.1       0.3
 -----------------------------------------------------------------------------------------------
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 Sunil Nair)