TABLE-Indian refiner Reliance's March oil imports down 10.3% y/y - trade

  • 5/3/2021
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NEW DELHI, May 3 (Reuters) - India"s Reliance Industries, owner of the world"s biggest refining complex, imported 10.3% less oil in March than in the same month of the previous year, according to data from shipping and industry sources. The March imports, at about 1.12 million barrels per day, were 10.8% above the previous month, the data showed. Reliance shipped in about 11% of its imports from Latin America, compared with 43% a year ago, as the private refiner has stopped buying Venezuelan oil under pressure from U.S. sanctions, the data showed. Middle Eastern oil accounted for about 59% for Reliance"s overall purchases, compared with about 43% a year ago, while the share of U.S. oil rose to about 12% from 10%, the data showed. The share of African oil rose to about 12% from 1.4%. Following are the details of Reliance"s crude and condensate imports, according to the data. Volumes are in 1,000 bpd: Region/Countr March Feb %Chg March % Chg Jan-March Jan-March % Chg y 2021 2021 mth/mth 2020 yr/yr 2021 2020 yr/yr Latin America Brazil 63.7 0.0 -- 61.1 4.3 33.6 50.1 -33.0 Colombia 0.0 113.9 -100.0 0.0 -- 35.4 0.0 -- Mexico 65.6 72.5 -9.4 198.7 -67.0 90.3 159.0 -43.2 Venezuela 0.0 0.0 -- 274.6 -100.0 0.0 266.9 -100.0 TOTAL 129.3 186.3 -30.6 534.4 -75.8 159.3 476.1 -66.5 Asia Indonesia 0.0 0.0 -- 0.0 -- 22.2 0.0 -- TOTAL 0.0 0.0 -- 0.0 -- 22.2 0.0 -- Middle East Neutral Zone 26.8 30.9 -13.2 0.0 -- 25.4 0.0 -- Oman 31.6 0.0 -- 31.8 -0.8 10.9 10.8 0.3 Iraq 368.3 143.3 156.9 151.0 144.0 273.7 217.0 26.2 Qatar 0.0 0.0 -- 59.5 -100.0 0.0 38.9 -100.0 Kuwait 18.7 0.0 -- 0.0 -- 6.4 7.7 -16.4 S. Arabia 151.7 103.7 46.3 120.4 26.0 157.5 163.1 -3.5 U.A.E. 62.1 16.5 275.9 175.2 -64.6 56.5 155.7 -63.7 Dubai 0.0 0.0 -- 0.0 -- 5.4 0.0 -- TOTAL 659.1 294.4 123.9 537.9 22.5 535.8 593.1 -9.7 0.0 0.0 -- 0.0 -- 0.0 0.0 -- Europe 0.0 0.0 -- 0.0 -- 0.0 0.0 -- North sea 0.0 0.0 -- 0.0 -- 20.5 0.0 -- TOTAL 0.0 0.0 -- 0.0 -- 20.5 0.0 -- 0.0 0.0 -- 0.0 -- 0.0 0.0 -- C.I.S. 0.0 0.0 -- 0.0 -- 0.0 0.0 -- Kazakhstan 31.0 101.5 -69.4 30.7 1.2 61.8 74.0 -16.4 TOTAL 31.0 101.5 -69.4 30.7 1.2 61.8 74.0 -16.4 Africa Angola 63.1 0.0 -- 0.0 -- 21.7 8.6 153.5 Ivory Coast 0.0 0.0 -- 0.0 -- 11.5 0.0 -- Chad 0.0 0.0 -- 0.0 -- 0.0 21.1 -100.0 Egypt 34.4 34.6 -0.7 18.1 90.5 28.0 11.4 145.1 Sudan 35.1 20.2 73.8 0.0 -- 24.6 0.0 -- Eq Guinea 0.0 24.3 -100.0 0.0 -- 14.8 14.6 0.9 Algeria 0.0 0.0 -- 0.0 -- 0.0 10.6 -100.0 TOTAL 132.6 79.1 67.6 18.1 634.2 100.6 66.4 51.6 Canada 35.0 74.3 -52.9 0.0 -- 71.1 0.0 -- USA 130.6 272.6 -52.1 124.4 5.0 172.4 106.6 61.8 TOTAL ALL 1117.6 1008.2 10.8 1245.4 -10.3 1143.8 1316.1 -13.1 NOTE: The total may not tally as numbers in tonnes have been rounded 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. Data also includes some crude parcels that arrived in February, but discharged in March. It also includes some parcels that arrived in March and were discharged in April. (Reporting by Nidhi Verma; Editing by Pravin Char)

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