Table-India Reliance's Dec oil imports down 5.4 pct on year -trade

Thu Jan 31, 2013 12:15pm IST

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Jan 31 (Reuters) - India's Reliance Industries, owner of the world's biggest
refining complex, imported nearly 5.4 percent less oil in December than a year earlier, ahead of
planned maintenance at one of its refineries and did not import oil from Iraq, Mexico and
Colombia for a second straight month, tanker arrival data made available to Reuters showed. 
    Reliance plans to shut one of the two crude distillation units (CDU) at its 580,000 barrels
per day (bpd) export-focused Jamnagar refinery from Feb. 6 or 7 for a maximum of 25 days,
traders said on Monday. 
    Reliance, which has a diversified crude slate and shifts purchases to maximise revenue,
bought about 3.4 percent more oil in 2012 than a year earlier. It bought about 36 percent of its
oil needs from Latin America, with Venezuela emerging as the top supplier, followed by Saudi
Arabia.
    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.
    The share of heavy grades from Latin America may increase significantly after Reliance
signed a deal with Venezuela's PDVSA to buy 300,000 to 400,000 bpd of oil under a new 15-year
contract.  
    The Neutral Zone, a border area whose production belongs to Saudi Arabia and Kuwait, was the
third-biggest oil supplier to Reliance in the first 10 months of this year.
    Reliance has an annual deal with Saudi Aramco to buy about 240,000 bpd oil, including 60,000
to 65,000 bpd from its fields in the Neutral Zone. 
    
    Reliance's imports from outside the Middle East included Merey and Leona from Venezuela;
Napo from Ecuador, Jubarte and Roncador from Brazil, Ras Gharib from Egypt, Doba from Chad and
Dalia from Angola.
    Following are the details of Reliance's crude and condensate imports in January-December
2012 versus a year ago, according to the data. Volumes are in 1,000 bpd:
 -----------------------------------------------------------------------------------------------
 Region/            Dec        Nov       %Chg      Dec      %Chg       Jan-Dec    Jan-Dec  %chg
 Country           2012       2012      mth/mth   2011     yr/yr       2012        2011    yr/yr
 -----------------------------------------------------------------------------------------------
 Latam
 Brazil            66.7      165.6        -59.7     0.0      --        82.5       56.0      47.2
 Colombia           0.0        0.0           --     0.0      --         5.6       16.8     -66.7
 Ecuador           26.1       36.1        -27.9     0.0      --        10.9       11.3      -3.5
 Mexico             0.0        0.0           --    30.9  -100.0        34.1       34.2      -0.2
 Venezuela        415.2      341.0         21.8   176.6   135.2       311.1      179.7      73.1
 TOTAL            508.0      542.8         -6.4   207.5   144.8       444.1      298.0      49.1
 Asia
 China              0.0        0.0           --     0.0      --         0.0        0.0        --
 Brunei             0.0        0.0           --     0.0      --         0.0        0.0        --
 Malaysia           0.0        9.8       -100.0     0.0      --         1.5        0.0        --
 Australia          0.0        0.0           --     0.0      --         6.5        8.5     -23.5
 TOTAL              0.0        9.8       -100.0     0.0      --         8.0        8.5      -5.9
 Meast
 Neutral Zone      88.9       18.8        373.4   137.1   -35.2       120.8      125.1      -3.5
 Oman               8.9        0.0           --    32.4   -72.6         5.6       96.0     -94.1
 Iraq               0.0        0.0           --   192.1  -100.0        58.8      124.0     -52.6
 Qatar            175.1       49.7        252.6    99.1    76.7       118.1       94.8      24.6
 Kuwait             0.0        0.0           --     0.0      --         0.0        2.9    -100.0
 S Arabia         153.0       60.0        155.0   215.0   -28.8       191.0      197.0      -3.0
 UAE               36.5       65.8        -44.5    37.3    -2.1        82.8       73.8      12.2
 Dubai              0.0        0.0           --    31.3  -100.0         8.6       10.7     -19.9
 Yemen              0.0        0.0           --     0.0      --        12.9       15.9     -19.0
 TOTAL            462.4      194.3        138.0   744.3   -37.9       598.6      740.3     -19.1
 Europe
 Albania            0.0        0.0           --     0.0      --         1.2        0.0        --
 North Sea          0.0        0.0           --     0.0      --         0.0        0.0        --
 TOTAL              0.0        0.0           --     0.0      --         1.2        0.0        --
 
 C.I.S.
 Russia             0.0        0.0           --     0.0      --         2.9        0.0        --
 TOTAL              0.0        0.0           --     0.0      --         2.9        0.0        --
 
 Africa
 Nigeria            0.0        0.0           --     0.0      --         2.7       2.7        0.1
 Angola            62.9        0.0           --   123.8   -49.2        69.9      83.8      -16.6
 Ivory Coast        0.0        0.0           --     0.0      --         0.0       0.0         --
 Cameroon           0.0        0.0           --     0.0      --         5.0       5.5       -8.3
 Congo              0.0        0.0           --     0.0      --        13.8       1.5      842.0
 Chad              32.6        0.0           --     0.0      --         8.1       0.0         --
 Egypt             35.1       36.4         -3.5    88.1   -60.1        34.2      53.0      -35.5
 Gabon              0.0        0.0           --     0.0      --        17.3       0.0         --
 Sudan              0.0        0.0           --     0.0      --         1.7       1.7        0.1
 Eq. Guinea         0.0       22.7       -100.0     0.0      --        29.7       2.7     1021.5
 Algeria            0.0        0.0           --     0.0      --         0.0       0.0         --
 TOTAL            130.7       59.1        121.1   211.8   -38.3       182.5     150.8       21.0
 
 Canada             0.0        0.0           --     0.0      --         0.9       0.0         --
 -----------------------------------------------------------------------------------------------
 TOTAL ALL       1101.1      806.0         36.6  1163.6    -5.4      1238.2    1197.6        3.4
 -----------------------------------------------------------------------------------------------
  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.
    


 (Reporting by Nidhi Verma; Editing by Clarence Fernandez)

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