India's Reliance Industries, owner of the world's biggest refining complex, imported about 6 percent less oil in December than a year earlier and
continued to skip purchases of Iraqi oil 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 0.7 percent more oil in 2014 than a year earlier.
It continued to buy 45 percent of its oil needs from Latin America in 2014 while share of
middle eastern grades in its overall purchases during the year declined to 39 percent from about
43 percent in 2013.
African grades accounted for about 15 percent of the refiner's crude purchase in 2014
compared with about 11 percent in 2013, the data showed.
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.
Reliance's two advanced refineries in western Gujarat state can together process 1.2 million
bpd of oil, or about 28 percent of India's overall capacity.
The complexity of these plants allows the refiner to continuously diversify its crude slate
by testing new grades and to improve refining margins.
Following are the details of Reliance's crude and condensate imports in January-December
2014 versus a year earlier, according to the data. Volumes are in 1,000 bpd:
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Region/ Dec Nov %chg Dec %chg Jan-Dec Jan-Dec %chg
Country 2014 2014 mth/mth 2013 yr/yr 2014 2013 yr/yr
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Latam
Brazil 214.7 59.6 260.1 87.5 145.6 69.3 37.6 84.3
Colombia 67.0 0.0 -- 98.2 -31.7 54.5 57.6 -5.5
Ecuador 0.0 0.0 -- 0.0 -- 23.9 8.4 185.9
Mexico 68.2 70.3 -3.0 68.6 -0.6 61.8 63.4 -2.6
Venezuela 399.6 485.0 -17.6 337.2 18.5 349.0 394.3 -11.5
Guatemala 0.0 0.0 -- 8.8 -100.0 0.0 0.7 -100.0
TOTAL 749.5 614.9 21.9 600.2 24.9 558.5 562.1 -0.6
Asia
Australia 0.0 22.8 -100.0 18.5 -100.0 1.9 7.0 -73.2
TOTAL 0.0 22.8 -100.0 18.5 -100.0 1.9 7.0 -73.2
Middle East
Neutral zone 34.7 35.1 -1.1 62.3 -44.2 59.5 119.2 -50.1
Oman 0.0 0.0 -- 8.9 -100.0 3.3 6.5 -49.0
Iraq 0.0 0.0 -- 0.0 -- 16.7 71.6 -76.7
Qatar 13.8 29.8 -53.6 84.4 -83.6 80.7 63.7 26.7
Kuwait 0.0 0.0 -- 0.0 -- 0.0 2.9 -100.0
S Arabia 250.4 259.9 -3.6 263.3 -4.9 228.1 203.3 12.2
U.A.E. 54.4 234.3 -76.8 37.9 43.6 94.8 57.1 66.0
Yemen 18.0 0.0 -- 0.0 -- 1.5 5.4 -71.5
TOTAL 371.4 559.2 -33.6 456.8 -18.7 484.6 529.7 -8.5
Europe
Albania 0.0 0.0 -- 0.0 -- 3.3 3.4 -2.7
TOTAL 0.0 0.0 -- 0.0 -- 3.3 3.4 -2.7
C.I.S.
Azerbaijan 0.0 0.0 -- 0.0 -- 2.8 0.0 --
Kazakhstan 0.0 0.0 -- 31.3 -100.0 13.4 5.3 150.5
TOTAL 0.0 0.0 -- 31.3 -100.0 16.1 5.3 202.2
Africa
Nigeria 91.2 88.9 2.6 0.0 -- 55.8 15.0 271.0
Angola 0.0 33.9 -100.0 0.0 -- 45.8 35.8 27.8
Cameroon 0.0 0.0 -- 22.2 -100.0 7.6 11.7 -35.1
Chad 0.0 0.0 -- 0.0 -- 2.8 4.1 -33.1
Egypt 37.2 18.2 105.1 70.1 -46.9 27.0 39.0 -30.8
Gabon 30.0 0.0 -- 50.7 -40.7 16.0 13.5 18.7
Sudan 0.0 21.0 -100.0 20.3 -100.0 18.5 5.0 269.7
Eq. Guinea 0.0 0.0 -- 0.0 -- 11.1 9.6 14.8
Libya 0.0 0.0 -- 0.0 -- 0.0 1.7 -100.0
TOTAL 158.4 162.0 -2.2 163.2 -2.9 184.4 135.4 36.2
Canada 0.0 0.0 -- 0.0 -- 2.8 0.0 --
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TOTAL ALL 1279.4 1358.9 -5.9 1270.1 0.7 1251.7 1242.9 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.
Source:-in.reuters.com
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